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Labour would introduce the mansion tax within its first 100 days in power, according to party leader Ed Miliband.

He says the tax levied on owners of homes valued at £2m and over would be part of an emergency package' required to fund the recruitment for 1,000 extra trainee nurses.

With A&E in crisis, staff shortages, and hospitals weighed down by large deficits, this plan has to start immediately. Straight away. With real money, right now. In our first 100 days, our first Budget, our first year in office, we'll begin to bring in funds from the mansion tax and tobacco levy says Miliband.

High end estate agent Savills says there are about 97,000 properties in the UK valued at £2m and above but Zoopla says the number is higher - at 108,000 - while Knight Frank puts the total at about 110,000.

All are agreed that the vast majority of these properties - well over 80 per cent - are in London and south east England.

Comments

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    @ToryBoy - who will you be voting for, out of interest

    • 23 April 2015 08:41 AM
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    Did they not teach you spelling and grammar at school, ToryBoy

    If anyone is going to be removed, it will be Mr Cameron after he's failed for the second time to get a majority. Worst PM in history He'd certainly be right up there.

    • 23 April 2015 08:35 AM
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    Hopefully Ed Milibands removal as head of Labour party will also be fast-tracked after May 7th when the loose (he says with hope in his heart).

    • 23 April 2015 08:16 AM
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    Ed I hope that this plan is well thought through and you do not end up spending millions on legal fees when these millionaires challenge the mansion tax. There should be the law and pay up.

    Will your reduce our council tax bands particularly for first time buyers and home owners on low-incomes

    • 23 April 2015 07:10 AM
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