Govt split over 'mansion tax'

The Coalition appears split over a "mansion tax." George Osborne told ITV's The Agenda said it will not be next month's Budget, calling it a "tax con". But Nick Clegg told ITV News the Tories "can't keep turning a blind eye to the super wealthy."

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Labour: 'Laughable' for Osborne to claim policies are fair

Labour has responded to Chancellor George Osborne's comments on ITV's The Agenda in which he attacked the party's plans for a 'mansion tax' to fund a 10p tax rate:

It's laughable for George Osborne to claim his policies are fair when he's giving a huge tax cut to millionaires while forcing millions on middle and low incomes to pay more.

Labour wants action now to kick-start our flatlining economy and help people struggling with the rising cost of living.

George Osborne should back Labour's plan for a new lower 10p rate of tax paid for by a mansion tax on homes worth over £2 million.

This would be fair, help 25 million working people on middle and low incomes and boost spending power in the economy.

– Shadow Treasury minister Chris Leslie

The Agenda with Tom Bradby will be broadcast on ITV at 10.35pm tonight.

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