Miliband promises tax reversal

Ed Miliband said Labour would reverse the coalition's cut in the top rate of tax from 50p to 45p "if there was an election tomorrow". Speaking on the Andrew Marr show, he also pledged to repeal the Coaltion's NHS reforms.

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Miliband: We would reverse top rate tax cut

Ed Miliband said Labour would reverse the coalition's cut in the top rate of tax from 50p to 45p "if there was an election tomorrow".

"Next April David Cameron will be writing a cheque to each and every millionaire in Britain for £40,000," he told BBC's Andrew Marr show.

"If I was in government tomorrow one change I would make in relation to the better off - first change in a Labour budget - we wouldn't be cutting the top rate of income tax from 50 to 45p.

"If there was an election tomorrow that is what we would do."

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