Labour’s leadership battle lurched to the Left again today as Wes Streeting called for a wealth tax.
The former health secretary – seen as the Blairite candidate – called for a levy on the ‘rich’ that could bring in £12billion a year.
The intervention comes as nervous markets brace for a ‘bidding war’ in Labour that could drive the party towards more extreme policies.
Big beasts are gearing up for a contest to replace Keir Starmer within months, whether or not Andy Burnham wins the Makerfield by-election on June 18.
Rachel Reeves has already pushed the tax burden towards a record high, squeezing growth
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