The Chancellor George Osborne has attacked Labour proposals for a mansion tax as a "tax con" during an appearance on ITV's The Agenda.
Last week Labour leader Ed Miliband and shadow chancellor Ed Balls announced the proposals to put a levy on £2 million-plus homes**, which they said would go towards paying for a 10p income tax rate.
Mr Osborne, though, rejected such a policy, telling the programme:
It's very costly to implement.
It means you have to send inspectors round the country valuing all the homes - not just the homes worth over two million but those worth less... It's actually a tax con that you know there aren't that many mansions in the country that can be taxed to pay for some tax cut for millions of people.
So either it's a tax con and the money comes from somewhere else or it's soon a homes tax and they say it's a mansion tax before the election and then very quickly becomes a homes tax on many people who are not living in mansions at all.
The Agenda with Tom Bradby will be broadcast on ITV at 10.35pm tonight.
More top news
Twelve people have been killed and three injured after a pick-up truck and a church minibus crashed head-on in Texas.
Revenge porn offenders who attempt to magnify their targets' humiliation will face the toughest penalties under new sentencing proposals.
A remarkably mild night with misty low cloud on the hills of Scotland, Wales and north-west England and further rain in places.