Streeting calls for equal tax on income and capital gains in Labour leadership pitch

MP says current system is unfair and his idea would result in a ‘wealth tax that works’ UK politics live – latest updates Former health secretary Wes Streeting has set out plans for a “wealth tax that works”, by equalising tax on assets and income. Streeting said the current system – in which capital gains tax is generally much lower than income tax – was not fair and penalised work, arguing the taxes should be equalised. Continue reading...