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.
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.
Ed Miliband and his shadow chancellor Ed Balls couldn't have been clearer. Scrapping the 10p rate of tax was a very, very bad mistake.