Lib Dem Ed Davey: Tycoon tax 'a good idea'


Energy Secretary Ed Davey has voiced his support for the idea of a so-called tycoon tax to ensure that the UK's richest people "pay their fair dues".

Speaking on the BBC's Andrew Marr Show, he said that the tax was a "really good idea" and was "consistent" with Lib Dem policy over the years.

Asked whether this had effectively replaced the idea of a tax on high-value properties - the so-called "mansion tax" - which is opposed by many Conservative MPs, Mr Davey said that there are "many ways to skin a cat".

You can watch the Andrew Marr Show in full on the BBC iPlayer

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.