Ed Balls
Media playback is unsupported on your device
Video

10p tax rate plan is 'very clear signal'

Ed Balls said Labour wants a mansion tax to fund the return of the 10p tax rate that was abandoned by Gordon Brown.

Ed Balls said Labour wants a mansion tax to fund the return of the 10p tax rate that was abandoned by Gordon Brown.

When pushed by Andrew Neil, the shadow chancellor said it was a "very clear signal" but the party would not write its manifesto commitments two years ahead of the planned 2015 general election.

He said Labour would bring it in now if it was in power, or adopt it as a commitment if there was election within weeks.

He spoke after Ed Miliband said it was a "very bad mistake" to get rid of the lower tax and the move would send a "clear signal" his party was on the "side of working people".

MORE FROM THE DAILY AND SUNDAY POLITICS

Watch more clips of films and interviews; 'like' us on our Facebook page; watch the Sunday Interviews with Andrew Neil, follow us on Twitter or watch programmes from the last seven days on BBC iPlayer