Tax wealth or lose election, ex-May aide warns Tories : Guardian.

SUBSTRATUMS

Will Tanner, formerly a senior adviser to Theresa May, says support for ‘unbridled capitalism’ will cost Tories at the polls
Theresa May on the day after the election in June.
Theresa May on the day after the election in June. Photograph: Ben Stansall/AFP/Getty Images

The Tories will lose the next election if they back “unbridled capitalism” and refuse to tax wealth to help the “struggling many”, one of Theresa May’s former advisers has warned.

Higher tax on sales of expensive homes, more rights for workers and curbs on immigration should all be backed by the Tories if they are to reach the voters who feel abandoned by globalisation, according to Will Tanner, the former deputy head of May’s policy unit.

His comments come as other influential Tory figures also express fears that the party’s disastrous election campaign will lead it to abandon May’s early attempts to intervene in broken markets and consider taxes on the wealthy – moves treated with…

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