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news Scmp World 2026-05-21

UK Labour leadership contender proposes wealth tax overhaul

Wes Streeting, a potential contender for the UK Labour Party leadership, has voiced support for tax reforms, including equalizing capital gains tax with income tax. This comes as he considers challenging current leader Keir Starmer.


Former British ⁠health minister Wes Streeting, a ⁠potential candidate for the leadership of the Labour Party, said he backed the introduction of tax changes which would equalise capital gains tax with income tax to make the system “fairer”. Streeting ‌said on Saturday that he wanted to challenge embattled Prime Minister Keir Starmer if there is a contest, days after he stepped down and urged Starmer to set a timetable for his departure. The former health minister, who has already said he...

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