- 13 updates
The Lib Dem Energy Secretary Ed Davey has told ITV News he is "delighted" Labour has "seen the error of their ways" by announcing plans for a "mansion tax" on houses worth £2 million:
Labour leader Ed Miliband has opened his major speech thanking his audience for "choosing to spend part of Valentine's Day with me and Ed Balls".
He is delivering a speech in Bedford in which he is expected to announce Labour's policy to reintroduce the 10p tax rate and a new 'mansion tax'.
Ed Miliband has called for the 10p rate of income tax to be brought back.
The Labour leader insisted reintroducing the band - controversially scrapped by Gordon Brown - would make society fairer.
He said the move could be funded by a new "mansion tax" on homes worth more than £2 million.
Latest ITV News reports
Ed Miliband has turned political cross-dressing into an art form and has now laid claim to the party's reputation for cutting taxes.
Labour have unveiled two big economic ideas today, neither of them is particularly new and neither of them is particularly effective.