{"id":92467,"date":"2026-05-21T08:32:03","date_gmt":"2026-05-21T07:32:03","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=92467"},"modified":"2026-05-21T08:32:03","modified_gmt":"2026-05-21T07:32:03","slug":"has-wes-streeting-been-reading-the-taxing-wealth-report","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/05\/21\/has-wes-streeting-been-reading-the-taxing-wealth-report\/","title":{"rendered":"Has Wes Streeting been reading the Taxing Wealth Report?"},"content":{"rendered":"<p class=\"p1\">According <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cm2pxz7de41o\" target=\"_blank\" rel=\"noopener\">to the BBC this morning<\/a>:<\/p>\n<blockquote>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Former Health Secretary Wes Streeting has proposed introducing a wealth tax as part of his pitch for the Labour leadership, by equalising capital gains tax with income tax.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Streeting called for a \"wealth tax that works\" and said he estimated the reform could raise \u00a312bn a year.<\/p>\n<\/blockquote>\n<p class=\"p1\">Now, where did Wes Streeting get this idea from? And where, come to that, did his estimate of the tax that it might raise come from?<\/p>\n<p class=\"p1\">It so happens that the \u00a312 billion figure that he refers to is exactly the sum that I proposed might be raised as a result of the equalisation of income tax and capital gains tax rates in the <a href=\"https:\/\/taxingwealth.uk\/\" target=\"_blank\" rel=\"noopener\">Taxing Wealth Report<\/a>.<\/p>\n<p class=\"p1\">Might it be that Wes Streeting\u2019s advisers have been reading my work?<\/p>\n<p class=\"p1\">If so, it\u2019s a pity that they ignored the rest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the BBC this morning: Former Health Secretary Wes Streeting has proposed introducing a wealth tax as part of his pitch for the Labour<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/05\/21\/has-wes-streeting-been-reading-the-taxing-wealth-report\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,204,35,118,106,97,209,150],"tags":[],"class_list":["post-92467","post","type-post","status-publish","format-standard","hentry","category-capital-gains-tax","category-economic-justice","category-economics","category-labour","category-politics","category-tax-justice","category-taxing-wealth-report","category-wealth-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/92467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=92467"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/92467\/revisions"}],"predecessor-version":[{"id":92468,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/92467\/revisions\/92468"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=92467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=92467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=92467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}