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2024-04-26 09:36:21 UTC - NOT_HELPFUL

Rated by Participant: EE070A6932D5803C0B3160619C50993197649686BD3F27BE7DB63CF1C101D0D6
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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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