Earlier this year, Mr Cable was still arguing that a one per cent tax on property in excess of # 2million was his preferred
form of mansion tax.
Not exact matches
Labour previously suggested they would support a
mansion tax and the proposals could
form the basis
of a potential coalition agreement in 2015.
«The 50p rate is not a step forward... If we are serious about dealing with inequalities, we are much better dealing with unproductive wealth in the
form of extreme property and the
mansion tax on property over # 2 million is the best way to do that,» he added.
Peter Mandelson has denounced the
mansion tax, which will
form a key part
of Labour's general election manifesto, as a «crude short term» measure that will clobber homeowners.