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Birdwatch Note Rating

2024-04-26 17:35:11 UTC - HELPFUL

Rated by Participant: B64C2B0BAF1CFAEE1E55481D0E7A5B2F8D4A5950045BA8D641E02ABE5EACEADC
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

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Original Tweet

All Information

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