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And before anyone says "Laffer Curve" - he's the dickhole that brought us trickle down economics
The argument is not about the existence of the Laffer Curve, but which side of the peak the country currently is. The Tories will claim that the current taxation level is beyond the peak so only reducing tax rates will increase revenue, the opposition will argue that the country is the other side of the peak.
Greenbank
Tax receipts, as a proportion of GDP, have remained pretty static since the war.
And before anyone says "Laffer Curve" - he's the dickhole that brought us trickle down economics