Birdwatch Note Rating
2024-04-28 11:25:16 UTC - NOT_HELPFUL
Rated by Participant: 89C4839CA493A141F37FA92F61CABBA389F211605003A9D15D1E29137CB5803C
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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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