Birdwatch Note Rating
2024-04-28 13:19:29 UTC - HELPFUL
Rated by Participant: BC5DE04BFFECE2604220773206EDB5D5CDA92B541E891DCBC8F0B80F801D85C6
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