Birdwatch Note Rating
2024-04-28 13:35:01 UTC - HELPFUL
Rated by Participant: D7749598B69D11474D8A8628506C7B489458F5437F4B1D18DA25956FF2F1682B
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