Finance Bill

I am afraid that I am going to disappoint the hon. Gentleman. He says that the Labour party’s objective is to raise £2 billion. Our assessment, as my hon. Friend the Member for Enfield, Southgate (Mr Burrowes) has pointed out, is that there are 55,000 properties worth more than £2 million in the country. We have the finest minds in the Treasury working on this, and they have divided £2 billion by 55,000—it did not require a huge amount of work—and ended up with an average of £36,000 a year as the annual levy. That is an average, and there might be some cases where the hon. Gentleman would want a lower rate for those who are property rich but cash poor. Can we just have some clarity? Does the Labour party want an average levy of £36,000 on all properties worth more than £2 million?