Birdwatch Note Rating
2024-04-28 12:57:14 UTC - HELPFUL
Rated by Participant: 3C8880E7ED5E1042B305A556E4EDAFA3024FE0CFB8C6747D2A06AC45F80B150B
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