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British Tax Freedom Slips 3 Days After Budget

by Jeremy Hetherington-Gore, Tax-News.com, London

18 March 2005

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According to the Treasury's out-turn figures, Tax Freedom Day 2005 falls three days later than it did last year. (Tax Freedom Day 2004 was 27 May - but 2004 was a leap year, so the real gap is three days, not four.)

Said the Adam Smith Institute's Dr Eamonn Butler:

'The only things certain in life are death and taxes, but unfortunately they come in the wrong order. And after Chancellor Gordon Brown's budget this afternoon, the tax burden in the United Kingdom has increased yet again. Tax Freedom Day 2005 will fall on 31st May. This means that average taxpayers in Britain spend five months of the year labouring solely to pay taxes. Average taxpayers who have been at work solidly from 1 January this year will in fact only start earning for themselves many weeks from now - at the end of May.

'So although the headlines might hail the Budget as a pre-election giveaway, the reality is quite the opposite!'

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