Papers Cover Tax Freedom Day

Tax Freedom Day is a measure of when Britons stop paying tax, and start putting their earnings into their own pocket. In 2025, the Adam Smith Institute has estimated that every penny the average person earned for working up to and including June 11th went to the taxman - from June 12th they are finally earning for themselves.

British taxpayers have worked for a gruelling 162 days for the taxpayer this year, the latest since current records began. That’s 6 days later than last year, and 21 days later than before the pandemic. In 2009, Tax Freedom Day fell on May 18th - almost a whole month earlier.

But, things are only getting worse. New research by The Adam Smith Institute shows that the UK is on track to have the latest Tax Freedom Day. Based on current Government taxation and spending plans and OBR projections, the ASI predicts that by 2028 Tax Freedom Day will fall on 24th June. By as soon as 2030, Tax Freedom Day could fall over halfway through the year - July 2nd. This would mean that taxation would exceed 50% of Net National Income.

Cost of Rent Day was covered in The Times, The Daily Mail, The Express, City AM, Guido, Cap X and other major outlets.

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