Birdwatch Note Rating
2024-04-27 14:54:32 UTC - HELPFUL
Rated by Participant: E2F252038C45CE5374003B50C270202E3B5B1A7562B31A576E3E572642713646
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