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Cameron signals further cuts

The Conservative Party's annual conference opened in Birmingham today. David Cameron ruled out the 'mansion tax' saying this 'not going to happen.' He also signalled that additional benefit cuts would be necessary to fight the deficit.

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David Cameron: 'Mansion tax is not going to happen'

Mr Cameron ruled out Liberal Democrat proposals for a mansion tax, saying they were "not going to happen."

Speaking on the Andrew Marr show the Prime Minister said;

.I don't actually believe we should be a country where if you work hard, you save, you buy yourself a house, you try to pay down the mortgage, you save and invest into that house, I don't want to be a country that comes after you every year with a massive great tax. So that is not going to happen.

What we have put extra tax (on) is when people buy very expensive property.

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