Media playback is unsupported on your device

Labour's 50p tax 'not anti-business'

26 January 2014 Last updated at 19:37 GMT

Ed Balls has rejected claims that Labour's pledge to bring back the 50p top rate of income tax is part of an "anti-business agenda" in the party.

The shadow chancellor said it was a "fair" measure to be used while Labour reduced the "huge" deficit it would inherit if it won the 2015 election.

Foreign Secretary William Hague said it sent "the wrong signal" about Britain.

Ross Hawkins reports.

Copyright © 2015 BBC. 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.