It is quite similar but in many places in Britain, to take the biscuit is a very common saying.
To take the cake sounds very reminiscent of “let them eat cake” which of course comes from the 17th century’s “qu’ils mangent de la brioche” - which Marie Antoinette probably never said.
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Yes, it’s an American expression I always found nonsensical. It’s also one of the reasons I look up Etymology of words and phrases. I’m always curious about nonsensical words and phrases such as “Raining cats and dogs!” my favorite flavor of American stupidity is what they call Gentleman’s Clubs.
First off no gentleman have ever crossed the threshold IMHO. It’s the signage that makes me laugh every time . “Live Nude Girls” as opposed to … 
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You probably won’t find this written anywhere about “taking the biscuit” but I have a very strong suspicion that the popularity of that phrase in British English came about as a polite alternative to “taking the p…” or, as is said in another maybe more-polite manner, “extracting the urine” which is also used here.
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My favorite British saying is very descriptive and at the same time funny. That’s when a drunk “falls off the pavement.” great expression. 
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I’ll have you know I’ve never fallen off the pavement in my life. Off the waggon maybe 
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From researching the answer above, Today I Learned who in 2020 were the richest Premier League owners, quite an eye-opener it was too:
TIL… not to phone the local ramblers club.
The bloke who answered just went on and on and on.
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TIL, it is going to be warmer here today so, looking forward to a “Walk on the Mild Side” 
frost got your tongue…
also got fed up with the Internet that’s available, normally to all, so decided on a new business venture…
so I constructed my own Web… .
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Is it wi-fly 
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TIL… That there is an organisation up here called The Witches of Scotland who it seems want an apology from the Scottish Government for the 2500 alleged witches in Scotland who are believed to have been executed, tortured, strangled and burned at the stake between the 16th and 18th centuries so around 300 years ago. I suspect the apology will be forthcoming as our government is stuck for more important matters to contend with at the monent.
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Will any statues be toppled?
No but spells might be cast.
Bet you read that in “Witch” Magazine.
Your a ducking stool.
TIL the first KFC in New Zealand opened in 1971
TIL… The song “Tom’s Diner” by Suzanne Vega was the first song used by Karlheinz Brandenburg to develop the MP3 format.
How to transfer mobile numbers from an old provider to a new provided by requesting and giving a PAC code. To think I was dreading all this malarkey …easy peasy!
Good grief.
I just looked back, and this thread started in 2013 ! 
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