Labour party proposes mansion tax to help low earners

LONDON (Reuters) - The leader of Britain's opposition Labour Party called on Thursday for a tax on expensive homes to fund a new lower-income tax band to help the country's lowest earners. Setting out some of the first concrete ideas of what his party would offer voters at the next election, which is expected in 2015, Ed Miliband said a Labour government would introduce a tax on houses worth over 2 million pounds ($3.1 million). ...