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
Britons have been warned to expect plunging temperatures and wet weather as remnants of Hurricane Joaquin hit.
George Osborne has recruited former Labour minister Lord Adonis to spearhead efforts to get Britain building again.
More than 20 people are feared injured after a British millionaire crashed his supercar into a crowd at a motor show in Malta.