Birdwatch Note Rating
2024-04-26 19:42:35 UTC - HELPFUL
Rated by Participant: CD1B42918602D2B77D6843D72338F678A2640A52B104F200ED96D4431F354BA2
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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