Labour's proposal for a Mansion Tax

The Shadow Frontbench have proposed introducing a mansion tax on houses worth over £2 million and to use the money raised to reintroduce a 10p starting rate of tax.[1] There was an Opposition Day debate on this issue on 12th March 2013, in which the Labour's Frontbench’s motion (‘that this House believes that a mansion tax on properties worth over £2 million, to fund a tax cut for millions of