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

The former health secretary Wes Streeting claimed the current system is not fair, penalises work, and demanded a radical transformation of the tax system.

The former health secretary’s latest intervention will be seen as a bid to win over the left wing of the Labour Party and see off the threat from Andy Burnham