Birdwatch Note Rating
2024-04-28 12:55:23 UTC - NOT_HELPFUL
Rated by Participant: 654B0FF4A36FEAD1E5D0CCD59EDE70D28503766C841A13B51F1FCB67F2A63D0A
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
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