George Venning

Wes Streeting has this morning set out his tax plans - specifically bringing capital gains tax into line with income tax He says that the current system is unfair because it penalises work Higher or additional rate taxpayers will pay 24% on gains in the current financial year. Streeting said that the rates should mirror income tax bands - so 40% for higher rate taxpayers and 45% for additional rate taxpayers He says that the approach could raise £12billion a year Streeting said: “A member of my family is a cleaner in Lancashire. She pays a higher tax rate on her salary than her landlord pays for the growing value of the home she lives in. She slogs her guts out, he puts in far less effort, yet the state rewards him more than her. And we wonder why people are angry. “The system is penalising work. It’s not fair and it’s bad for our economy. We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day's work. We can do it in a way that is pro-growth, pro-entrepreneur and pro-work.”

📣 Southwark Council welcomes news that plans by Berkeley Homes for the Aylesham Centre have been rejected. Berkeley Homes proposed to build 867 homes, including 77 affordable homes, at the site in Peckham alongside retail, leisure and commercial space. Today a planning inspector has dismissed an appeal by Berkeley Homes, saying “benefits do not outweigh the harm to the relevant designated heritage assets important to the area”. Cllr Sarah King, Leader of Southwark Council, said: “This is a great day for Peckham and we welcome the planning inspector’s decision to dismiss Berkeley Homes’s appeal for the Aylesham Centre. “I’d like to personally thank the community who spoke loud and clearly about their concerns. “We shared those concerns and strongly argued at the public inquiry that the scheme was poorly designed and our position has been vindicated. “We will read the appeal in detail and carefully consider our next steps.”

📣 Southwark Council welcomes news that plans by Berkeley Homes for the Aylesham Centre have been rejected. Berkeley Homes proposed to build 867 homes, including 77 affordable homes, at the site in Peckham alongside retail, leisure and commercial space. Today a planning inspector has dismissed an appeal by Berkeley Homes, saying “benefits do not outweigh the harm to the relevant designated heritage assets important to the area”. Cllr Sarah King, Leader of Southwark Council, said: “This is a great day for Peckham and we welcome the planning inspector’s decision to dismiss Berkeley Homes’s appeal for the Aylesham Centre. “I’d like to personally thank the community who spoke loud and clearly about their concerns. “We shared those concerns and strongly argued at the public inquiry that the scheme was poorly designed and our position has been vindicated. “We will read the appeal in detail and carefully consider our next steps.”