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David Cameron rules out 'mansion tax'

29 September 2013 Last updated at 10:47 BST

Prime Minister David Cameron has once again ruled out a so-called "mansion tax" on high-priced properties, if he is still leading the country after the next election.

Coalition partners the Liberal Democrats have long-backed such a policy, emphasising plans to levy a 1% tax on properties over £2m at their recent party conference, and Labour leader Ed Miliband also favours the idea.

Speaking on The Andrew Marr Show, Mr Cameron said: "Stamp duty yes, council tax yes, but I think wealth tax is not sensible for a country that wants to attract wealth creation and wants to reward saving and people who work hard and do the right thing."

You can watch the Andrew Marr Show in full on the BBC iPlayer

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