General · 24 May 2026
Streeting proposes new tax to raise £12bn
The tax system could become fairer for ordinary people, addressing current unfairness that penalises work. Wes Streeting, who previously served as Health Secretary, has suggested "a wealth tax that works" as a component of his campaign for the Labour leadership. This plan aims to equalise tax on assets and income, and he suggests it could generate £12 billion annually.
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