Birdwatch Note Rating
2024-04-28 10:05:48 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B27D6F5B2CD448A593E44C3B3233912DA14E013B289C9FC690B4A03964B1D20A
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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