Last Friday was the first day of the year when British taxpayers stop working to pay their taxes and start earning for themselves. Known as Tax Freedom Day, from today taxpayers have paid all their taxes for the year, according to the Adam Smith Institute.
This means taxpayers worked 154 days this year solely to pay their taxes, four days longer than last year.
This year also saw the date of the tax freedom tax creeping into June for the first time in 15 years, “a red flag that Britons’ tax burden is moving in the wrong director”, according to the ASI.
Net national income increased by £34.6bn from 2015, while the government received £35.4bn more in taxes this year. The ASI said this means the government left Britons £1bn worse off than last year.
The, director of the ASI said that, “We work longer for the government than medieval serfs had to work for their Lords!”