Starmer’s leadership challenger Streeting floats UK ‘wealth tax that works’
Wes Streeting, a contender for UK Labour Party leadership, has proposed significant changes to capital gains tax. He advocates for equalizing capital gains tax rates with income tax rates, potentially increasing them from the current 18-24% to 40-45%. Streeting believes this reform would create a fairer tax system and estimates it could generate £12 billion annually. AI
