{"id":12632,"date":"2023-11-26T09:16:13","date_gmt":"2023-11-26T09:16:13","guid":{"rendered":"https:\/\/www.taxpolicy.org.uk\/?p=12632"},"modified":"2023-11-26T09:23:05","modified_gmt":"2023-11-26T09:23:05","slug":"drag_polling","status":"publish","type":"post","link":"https:\/\/heacham.neidles.com\/2023\/11\/26\/drag_polling\/","title":{"rendered":"Are voters noticing fiscal drag? New polling evidence following the Autumn Statement"},"content":{"rendered":"\n

Thanks again to WeThink<\/a> (formerly Omnisis), we have some new polling on the Autumn Statement.<\/strong><\/p>\n\n\n\n

We first asked people about the direct impact of the 2% employee national insurance tax cut in the Autumn Statement (we limited the question to employees, as the self-employment NIC position is slightly different):<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The tax cut is actually worth \u00a3450 each year to the average full-time employee<\/a>; so many people are under-estimating it. Possibly this reflects people not realising how the 2% cut applies (understandable, given it isn’t just a simple 2% of income). Possibly it just reflects a general level of cynicism in politics.<\/p>\n\n\n\n

We then asked about the perception of the overall change in tax position over the last 18 months:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The percentage believing they’re paying more tax is surprising low. The national insurance cut is much smaller than the approximately \u00a350bn raised from “fiscal drag” – holding tax thresholds steady in nominal terms as inflation erodes their real value. <\/p>\n\n\n\n

As Paul Johnson has said<\/a>:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

It’s interesting that fiscal drag is not “cutting through” as an issue, given that it is both a real effect, and the subject of frequent press<\/a> commentary<\/a>. <\/p>\n\n\n\n

<\/div>\n\n\n\n
\n\n\n\n

The full polling data is here<\/a>. Thanks once more to WeThink for their generosity in running these polling questions completely pro bono<\/em>.<\/p>\n\n\n\n

Photo by Elliott Stallion<\/a> on Unsplash<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Thanks again to WeThink (formerly Omnisis), we have some new polling on the Autumn Statement. We first asked people about the direct impact of the 2% employee national insurance tax cut in the Autumn Statement (we limited the question to employees, as the self-employment NIC position is slightly different): The tax cut is actually worth […]<\/p>\n","protected":false},"author":1,"featured_media":12639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[88],"tags":[],"jetpack_featured_media_url":"https:\/\/heacham.neidles.com\/wp-content\/uploads\/2023\/11\/photo-1466780446965-2072a3de8a43-copy.jpg","_links":{"self":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/12632"}],"collection":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/comments?post=12632"}],"version-history":[{"count":3,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/12632\/revisions"}],"predecessor-version":[{"id":12640,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/posts\/12632\/revisions\/12640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/media\/12639"}],"wp:attachment":[{"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/media?parent=12632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/categories?post=12632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/heacham.neidles.com\/wp-json\/wp\/v2\/tags?post=12632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}