Why Brits spend 162 days a year working for the UK government

Name: Why Brits spend 162 days a year working for the UK government | Humix Video
Uploaded: 2025-06-14T03:15:28+00:00
Duration: 2 min 21 s

0:00
it's the 12th of June and that means
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that today it is tax freedom day for
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those of you who don't usually celebrate
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this is the day on which you could
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effectively stop working for the
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government and start working for
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yourself this is based on a calculation
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done by the Adam Smith Institute think
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tank or that's the ASI for short on when
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the average worker would have paid off
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taxes for the year costs could get worse
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as the ASI predicts that by 2028 this
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day will creep to almost the halfway
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point of the year the 28th of June
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that's 172 days into the year which will
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be the highest level ever researchers
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also said that the tax freedom day in
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2030 could come after the year's halfway
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mark has passed and the government's
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opposition haven't minced their words on
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this andrew Griffith the shadow business
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secretary of the Conservative Party said
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Tax Freedom Day came later every year
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because politicians were not being
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honest about the state of public
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finances the ASI warned that the UK risk
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sleepwalking to a third lost decade of
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stagnation if it continues to hike taxes
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further or borrow more given that
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national debt is only set to rise and
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the cost of government borrowing will
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only increase but after a spending
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review did not set out cuts to
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government spending and given that
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Trump's tariffs risk destabilizing
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markets and making borrowing costs for
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the government even higher Reeves may
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have boxed herself into hiking up taxes
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further the chanc left itself just 9.9
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billion pounds in fiscal headroom at
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March's spring statement and that could
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be wiped out by October if guilt yields
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keep rising economic growth remains
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stagnant and spending cuts are not made
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economists across the city and at think
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tanks such as the Institute for Fiscal
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Studies have suggested Reeves could
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extend a freeze to income tax thresholds
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to raise income this would essentially
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be a stealth tax that could drag
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millions into higher income thresholds
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there's no easy decisions for the
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government at the moment but big
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spending normally requires big taxes and
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tax freedom day keeps creeping further
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and further back in the calendar for
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everything you need to know about taxes
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head over to citym.com
2:18
[Music]

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