The former Labour leader Lord Kinnock says Keir Starmer and Rachel Reeves should consider a wealth tax on assets greater than £10m to fill the black hole in the public finances. Last minute concessions made to the flagship Welfare Bill enabled the government to get it through parliament, but removed key sections of the legislation which would have cut the benefit bill by billions of pounds a year. Sky's chief political correspondent Jon Craig reports. Read more: https://news.sky.com/sunday-morning-with-trevor-phillips #trevorphillips #ukpolitics #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales