Birdwatch Note Rating
2024-04-26 15:06:40 UTC - HELPFUL
Rated by Participant: C01110826E4F06552879D0B5BFB37F60192D07D6A16F32D91E92306673D9250A
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