Ex Labour leader Neil Kinnock calls for a 2% 'wealth tax' on Brits' assets

Lord Kinnock, who led Labour between 1983 and 1992, said a two per cent levy on assets worth more than £10million could be a 'pathway' out of the Government's woes. Chancellor Rachel Reeves is needing to find billions of pounds in revenue or savings in the wake of Labour's recent U-turns on welfare cuts and winter fuel payments.