Labour's mansion tax plans show they are all at sea with the nation's finances

January 20, 2015 2:01 PM
Originally published by UK Liberal Democrats

Peter Mandelson has attacked Labour's mansion tax plans calling them crude and saying he instead prefers Liberal Democrat plans to introduce additional council tax bands.

Lord Mandelson's comments prove yet again that Labour are all at sea when it comes to the nation's finances.

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Liberal Democrats are leading the campaign to introduce a mansion tax.

We have long argued that those with the broadest shoulder should pay their share towards deficit reduction.

Our plans to introduce a High Value Property Levy is a fair way of achieving this. We would introduce extra council tax bands.

It's an outrage that without these changes a £50m property can have the same council tax as a half million pound home.