Ed Miliband is expected to tell the Labour party conference tomorrow that he plans to scrap the housing benefit change he calls the 'bedroom tax' by closing tax loopholes "for the privileged few."
Labour plan to repeal the spare room subsidy by:
- Reversing George Osborne's £150 million tax cut for hedge funds.
- Scrapping the Conservative party's "share for rights" scheme, which Labour claims has opened a tax loophole of up to £1 billion.
- Tackling tax scams in the construction industry, which Mr Miliband believes is costing £500 million in lost revenue.