Birdwatch Note Rating
2024-04-28 10:19:20 UTC - HELPFUL
Rated by Participant: BAF414A716B7652B1172B520F981F6A1EF02EE99BFC9A4B7AE46117E5DC0DB22
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