Birdwatch Note Rating
2024-04-28 14:00:46 UTC - NOT_HELPFUL
Rated by Participant: 403D18F90EE3AF7669CC241878960D79672EBC297E9319EE409A8176E0BC6B90
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