Miliband Pledges to Use Mansion Tax to Tackle Crisis in NHS

Labour would use the proceeds of a mansion tax on homes worth more than £2m to head off a funding crisis in the NHS. In his speech to the Labour conference in Manchester, Mr Miliband promised to save the NHS amid forecasts of a £30bn funding gap by 2020. Using some of the £2bn raised from Labour’s proposed high value property tax will be seen as a move to soak the rich rather than ask ordinary taxpayers to top up the health budget. Mapping out his 10-year “national mission” to transform Britain, Mr Miliband pledged that the number of first-time home buyers would be doubled to 400,000 a year under a Labour Government. Read more on the Independent website.