Mansion tax proposals refined

The Evening Standard got LibDem Danny Alexander to spell out his party’s mansion tax proposals earlier in the year.

Now it has got details of Ed Balls’ proposals to refine Labour’s mansion tax ideas. Balls proposes a banding system, the first band at £2-£5 million and the next at £5- £10 million, with possibly an even higher rate applying to properties valued at over £20 million.

The LibDem and Labour mansion tax proposals are now fairly close.