Birdwatch Note Rating
2024-04-27 01:43:42 UTC - HELPFUL
Rated by Participant: C7803E3E0E0C5F2F5DDF7888DAC5744BE13BB2AE5A066AA1C7E5DBE25C78B47F
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