Landmark tax day now later
The Tories have seized on the news that tax freedom day - when a worker earns enough money to pay his tax bill - is now later than when Labour came to power.
Tax experts at right-wing think-tank the Adam Smith Institute have calculated that the notional day when workers begin working for themselves rather than the taxman will this year fall on 10 June – a fortnight later than in 1997.
Shadow chancellor Michael Portillo said: ‘Taxes have gone up but services have not improved. Under Labour, people are paying more and getting less.’
‘NHS waiting lists are longer, class sizes are larger, violent crime has risen but police numbers have fallen. New Labour does not offer value-for-money government,’ he said.
Last year tax freedom day fell on 30 May, which, according to the Adam Smith Institute, meant the UK spent the first 151 days of last year paying the tax burden.