Even the most innumerate among us has heard of the Laffer curve, a theory popularised by US economist and presidential advisor Arthur Laffer. It spells it out how, beyond a particular threshold, increasing taxes actually brings down revenue.
Camilla and Tim are joined by the legendary economist – who has worked with Presidents Trump and Reagan and was a friend of Margaret Thatcher – to discuss the upcoming Budget, Trump's tariffs, and whether Nigel Farage has a coherent economic plan.
Laffer also weighs in on Liz Truss, who he says was \"thinking in the right direction\" with her mini-Budget, and explains why a wealth tax would be a \"huge mistake\".
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Producer: Lilian Fawcett
Senior Producer: John Cadigan
Video Producer: Will Walters
Studio Operator: Meghan Searle
Executive Producer: Charlotte Seligman
Social Producer: Nada Aggour
Editor: Camilla Tominey
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