Page last updated at 05:35 GMT, Monday, 21 September 2009 06:35 UK

Lib Dem plan for 1m-property tax

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The Lib Dems have outlined plans for a tax on owners of £1m-plus homes, using the proceeds to help low-paid workers.

Treasury spokesman Vince Cable says plans for a 0.5% annual levy on the most expensive homes will raise £1bn.

Gary O'Donoghue reports.

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