Birdwatch Note Rating
2024-04-26 18:34:04 UTC - HELPFUL
Rated by Participant: C323314C3595F5E8F3DF7966B440416A9932DA6AC09665E5B3836D601E2E5C27
Participant Details
Original Note:
Overall taxes after NICs cuts have not risen this Parliament for the average household (which earns ~ £35,000). The savings from a 4p NICs cut (£900) outweigh any rises from frozen income thresholds (20% of £15,220-£12,570 per OBR = £530) for average households. https://ifs.org.uk/articles/how-tax-burden-high-when-most-us-are-taxed-so-low https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/financialyearending2022 https://researchbriefings.files.parliament.uk/documents/CBP-9687/CBP-9687.pdf https://obr.uk/docs/dlm_uploads/E03057758_OBR_EFO-March-2024_Web-AccessibleFinal.pdf
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