Birdwatch Note Rating
2024-04-28 11:21:00 UTC - HELPFUL
Rated by Participant: B4717715031C476F9C238CBCE9853D129F63CE6A43CDEE770D40E28ECB2B2BA6
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