Finally, yesterday, Tax Freedom Day arrived in the United Kingdom, marking the point in the year when the average Briton stops working for the Treasury and can work for themselves.
According to the Adam Smith Institute, a free market think-tank which calculates when the day will fall in each year, Tax Freedom Day is three days later than last year, five days later than in 2003 and six days later than when the Tony Blair's Labour government came to power in 1997.
The ASI predicts that Tax Freedom Day will be a further two days into 2006, and will be effectively half-way through the year by 2020.
The reason for the latest delay in Tax Freedom Day has been attributed to increases in National Insurance and local taxation.
Chancellor of the Exchequer, Gordon Brown, reportedly expects to raise the tax take by 11% this year without making any changes to the structure of taxation.
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