Tax Freedom Day

This is the real test of whether tax rates are going up or down. The Adam Smith Institute calculates by which date during the calendar year the average UK worker has paid his annual tax bill and can actually start earning money for themselves to spend! All types of tax are taken into account including income tax, VAT and duties on petrol, alcohol and tobacco.

In 2007 the magic date is 1 June which is the same as 2006 but more than a week later than it was four years ago.