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
All eyes are on the stars as they arrive on the red carpet for the 89th Oscars. But who won in the fashion stakes?
Tributes have been paid to the Labour MP for Manchester Gorton and Father of The House of Commons who has died aged 86.
A very unsettled start to the new week with heavy, thundery, occasionally wintry showers spreading in from the west throughout the day.