by Jim Rose in economic history, public economics, Sam Peltzman

You can’t find Reaganomics in the tax statistics below. Maggie Thatcher stopped a rapid growth in British tax revenues which caused the UK to become the sick man of Europe. She then unwound that growth in tax revenues as a percentage of British GDP. The election of the Blair government in 1997 stopped the rapid growth in tax revenues as a share of British GDP under that double secret socialist John Major. As Sam Peltzman previously noticed, the growth the government stopped in Denmark and Sweden in the mid-1980s.

Data extracted on 12 Nov 2015 23:56 UTC (GMT) from OECD.Stat

