Like a blood-splattered zombie policy, the mansion tax just won't die... but keeps dragging itself up and stumbling on, one foot dragging, its mouth open to reveal stubby, broken teeth.

Good morning.

This time, it's an annual tax of 1% on the value above and beyond £2m. So... £1,000 if your property's "worth" £2.1m. I ""ed worth for a reason. Many high value homes are unique, and the longer they remain off the market the harder it is to value them accurately or fairly. And that's even before you get into the issue of whether it is, indeed, ethically preferable to tax "wealth" over "income", whethet the taxation of wealth means you should tax income less, whether an illiquid property is wealth... the list goes on.

A mansion tax remains, however, a LibDem manifesto promise. And Vince Cable - here - claims there's support from within the Tory party too. Although I'd like to see evidence of that.

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