Birdwatch Note Rating
2024-04-28 09:02:11 UTC - HELPFUL
Rated by Participant: FC83A53CC6D3BBFC8D38E217B1AF1F55561A54215E7AE3E4A6F1CA983B937385
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