CPS: Ed Miliband's policies 'don't add up'

The head of the CPS economic thinktank, Ryan Bourne, has tweeted that Labour's policy would not work:

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Ed's numbers don't add up. Either mansion tax would have to be huge, or 10p rate tiny.

Read: Miliband announces plan to reintroduce 10p tax band

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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.