Claim: Streeting’s wealth tax would raise £12 billion a year.

Reality Check verdict: False

Wes Streeting has proposed a ‘wealth tax that works’, raising around £12 billion a year by aligning capital gains tax rates with income tax rates. That would mean an increase in the top rate from 24 per cent to 45 per cent. He says ‘a pound made from simply owning assets should not be taxed less than........

© The Spectator