article_snippet.sent: Asked how Ed Miliband would pay for the £250 a month levy, Ed Miliband said: 'I'll get it from my income – myself and Justine.'
article_snippet.sent: And Ed Miliband declined to set out how much people with homes worth more than £3m would be paying as part of the £250 a month levy. '
article_snippet.sent: Under Labour's plan, people trapped in expensive homes who have no access to savings will be protected from the charge aimed at properties worth £2million or more.
article_snippet.sent: Shadow chancellor Ed Balls has promised to hike the levy for homes with over £10million, to ensure they make a 'significantly bigger contribution'.
article_snippet.sent: The £2million limit will rise in line with property prices, instead of inflation 'to ensure that more modest properties are not brought into the scope of the tax'.
article_snippet.sent: Labour has joined the Liberal Democrats in promising an extra charge on expensive properties, to target rich homeowners – especially wealthy foreigners who buy up properties in London.
article_snippet.sent: There will also be protection for people who do not have large savings or higher earnings, but who live in an expensive home.
article_snippet.sent: The Lib Dems used to argue in favour of a 1 per cent charge on the value of any home worth more than £2million, but there are concerns it would be difficult to implement.