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Streeting’s plans for new ‘wealth tax that works’
Grimsby Telegraph
|May 22, 2026
FORMER health secretary Wes Streeting has set out plans for a wealth tax that would see capital gains tax equalised with income tax.
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Mr Streeting, who had made clear he intends to stand in any leadership contest to replace Sir Keir Starmer, said the current system is not fair and penalises work.
The MP's intervention came a day after he warned in his resignation speech that Labour must change course or risk handing Reform UK power, and after he quit the Cabinet last week calling on the Prime Minister to go.
This story is from the May 22, 2026 edition of Grimsby Telegraph.
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