Labour is plotting to create a new tax with their mansion tax proposals, Chancellor George Osborne has said during an appearance on ITV's The Agenda.
He told host Tom Bradby: "They say it's a mansion tax before an election and very quickly it 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
Queens Parks Rangers defender Rio Ferdinand has announced his retirement from football after his wife's recent death.
A promising start to the weekend - fine and bright for most of us but showers will crop up across northern Scotland.
A war veteran who was burgled said he is overwhelmed after thousands of pounds were raised for him by people he had never met.