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An emboldened – or desperate – new government will look to wealth taxes

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10.06.2026

Wednesday 10 June 2026 5:58 am  |  Updated:  Tuesday 09 June 2026 6:06 pm

An emboldened – or desperate – new government will look to wealth taxes

By: Christian May

Editor-in-Chief

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Andy Burnham wants to nationalise what he doesn't subsidise

Wealth taxes are climbing back up the political agenda as the Labour party begins the process of reinventing itself for a post-Starmer era. Wes Streeting thinks he’s found “a wealth tax that works” by hiking capital gains tax while Andy Burnham is flirting with a land value tax that would naturally hit wealthy areas the hardest. If Angela Rayner comes in from the cold she’ll likely dust off her old........

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