Break out the bubbly. Until today every penny earned by the average Brit has gone to the Chancellor. From today you get to keep what you earn, having paid off the government's take.

Tax Freedom Day is three days later than last year, and next year it will be later still. The later it gets, the higher our taxes, and the lower our competitiveness and our ability to create new wealth and jobs. The Chancellor doesn't create wealth. He redistributes some and destroys some. He certainly creates jobs, though, with public sector appointments recently outpacing the loss of private sector jobs.

The mediaeval Scots laird took 33 percent of the peasant’s produce after a third went for seed and a third for consumption.

Ane tae saw,
ane tae gnaw,
and ane tae pay the laird withaw.

Our Chancellor takes an even more rapacious 40 percent. Have a good day.