Labour pledges 10p rate paid for with 'mansion tax'

The tax rate was scrapped by Gordon Brown five years ago in a move Miliband said was a "very bad mistake" that he was "determined to put right". Re-introducing it would be a "progressive choice" that would benefit some 25 million basic rate taxpayers and would show Labour is on the side of working people, he said in a speech in Bedford. "[If re-elected] we would put right a mistake made by Gordon Brown and the last Labour government," he said. The idea of a mansion tax was first proposed by the Liberal Democrats before the last election, though the Conservatives opposed the move an...