Osborne: Labour's mansion tax will soon be homes tax

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.


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."