Keir Starmer’s government is struggling from a lack of clarity regarding their goals and achievements, as mentioned by former Labour leader Neil Kinnock. He believes the government should be more audacious in their economic policies and consider implementing a tax on wealth. Kinnock acknowledges that the government has introduced significant policies, but these have been overshadowed by controversies such as cuts to winter fuel payments and welfare. He suggests that these issues have weakened public perception of the government’s accomplishments.
Kinnock criticizes Jeremy Corbyn and former Labour MPs for planning to establish their own left-wing party. He playfully suggests a name for the party, the “Farage Assistance Group.” Kinnock also mentions that while fiscal discipline is crucial for the government’s credibility, it has led to reduced expectations and limited potential for bold economic decisions. He believes that some cabinet ministers may support more ambitious fiscal policies.
Kinnock proposes a wealth tax as an option for the government, suggesting it would not only generate revenue but also demonstrate the government’s commitment to fairness. He suggests targeting wealth above £6m or £7m, with a 2% tax potentially raising £10bn or £11bn annually. He believes this policy would bring in necessary resources and send a clear message to the country that the government prioritizes equity.
Source: https://www.theguardian.com/politics/2025/jul/06/neil-kinnock-keir-starmer-wealth-tax
