Mandelson attacks mansion tax: well he would, wouldn’t he?

More important to Miliband, Ukip leader Nigel Farage has risked bringing up NHS privatisation again

The Mole

Lord Mandelson, one of the architects of New Labour, has warned Labour leader Ed Miliband that he won't win the election by "clobbering" the wealthy a “crude, short-term” mansion tax.

Speaking on BBC Newsnight, Mandelson supported instead a Lib-Dem plan to increase the council tax bands to raise the tax on homes worth more than £2 million. "It will be more effective and efficient in the long term,” he said.

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is the pseudonym for a London-based political consultant who writes exclusively for The Week.co.uk.