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Miliband calls for 10p tax rate

The Labour leader Ed Miliband has said he would use the next Budget to bring back the 10p rate of income tax, paid for by a "mansion tax" on homes worth more than £2m. The 10p tax band was controversially scrapped by Gordon Brown.

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Balls: Brown was 'wrong' to scrap 10p tax rate

The Shadow Chancellor Ed Balls has admitted the then Labour Chancellor Gordon Brown was wrong to scrap the 10p tax rate.

Balls, who was a key aide to Brown, has written in the London Evening Standard:

Governments make mistakes.

But when they do it is always better to own up and put them right.

The last Labour government did many good things.

But we got things wrong too.

Scrapping the 10p tax rate, which Labour first introduced in 1999, was one of those mistakes.

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