Birdwatch Note Rating
2024-04-28 10:27:59 UTC - NOT_HELPFUL
Rated by Participant: 615E7D51213E8A897325BBF3C01D772D1698189414C6AF04799A03D48CDBF758
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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
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