Ed Balls calls for wealth tax

SHADOW chancellor Ed Balls has backed proposals for a permanent wealth tax on homes worth more than £2m in order to safeguard key public services and offered to discuss the idea with business secretary Vince Cable.

“The likes of a mansion tax need to be on the table to be looked at,” the Labour MP told the Independent. “I’m open to new ways of making our economy strong which requires investment in skills and universities and for the NHS.”