Birdwatch Note Rating
2024-04-27 10:14:43 UTC - NOT_HELPFUL
Rated by Participant: AD5D57D746DE1A3878EFA42BD66769979D73416C3DD92FC77CA9A600102FE9D5
Participant Details
Original Note:
The UK Treasury has been freezing the Personal Tax Allowance last year and this. Because inflation grows, in real terms the PTA is falling. That’s a tax rise commonly known as fiscal drag. It cancels out much of the National Insurance Cut. Explained here: https://researchbriefings.files.parliament.uk/documents/CBP-9687/CBP-9687.pdf
All Note Details