Britons are having to work an extra 19 days a year just to pay taxes than before the pandemic, research suggests.
Today marks the date when the average taxpayer stops earning to pay taxes and starts putting money in their own pocket.
‘Tax freedom day’ – which comes four days later than last year – is calculated using direct taxes, such as income tax, and indirect taxes, such as VAT.
Britons are now working 161 days just to pay them – 19 more than in 2019, before the pandemic (stock photo)
Based on current government plans for taxation and spending, the think-tank predicts that tax freedom day will fall on June 22 in 2028 (stock photo)
Taxes in the UK are at their highest level for 70 years.
And the Adam Smith Institute (ASI) found that Britons are now working 161 days just to pay them – 19 more than in 2019, before the pandemic, and almost a whole month longer than in 2009.
Based on current government plans for taxation and spending, the think-tank predicts that tax freedom day will fall on June 22 in 2028.
ASI chairman James Lawson warned: ‘Politicians must be honest with voters about the size and nature of the tax burden.
‘Whoever wins on July 4, they will need to grapple with the fact that tax freedom day is getting later.’