First full week of not working for Osborne begins

The first full week when the average Briton finishes their stint working for George Osborne and begins to earn money for themselves starts today, tax campaigners have pointed out.

In fact, this year’s Tax Freedom Day – when people stop earning solely to meet their annual tax demand – fell on May 30th, indicating it still takes about 150 days to pay off the Treasury.

Unveiling its calculations, the Adam Smith Institute said they mean that no less of a worker’s year is going to the state than last year, when ‘TFD’ was pushed from May 28th to May 29th.

Despite claims from the coalition that the burden of government and tax is being pared back, this year’s Tax Freedom Day, as gauged by the institute, is the latest it has been since 2006.

Eamonn Butler, the institute’s director, says the date is the simplest way to show what the tax burden really is.

“That is why the Treasury hates it. They of course want to conceal how much tax we pay, which is why they are so keen on stealth taxes,” he said.

“The stark truth is that this burden costs us all 150 days of hard labour every year. That's not how long a rich person has to work – it is the time the average person must labour for the tax collectors.”

Butler believes the solution for the government, which he said always spends everything they raise from taxation, is for it to cut back, “just as the rest of us have had to”

 

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Written by Simon Moore

Simon writes impartial news and engaging features for the contractor industry, covering, IR35, the loan charge and general tax and legislation.
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