Birdwatch Note Rating
2024-04-27 07:32:08 UTC - HELPFUL
Rated by Participant: F97052E3EE0D43E26B9BF9FBF8DB2E0E02BA582AE39329F6D56F1C6E03C7085A
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