Birdwatch Note Rating
2024-04-28 09:54:10 UTC - HELPFUL
Rated by Participant: 0181353108A1D6A34D3E84D0E511D5799A3EBDDACB99611D92CFBD253C979E5E
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