Cable: Rich face property tax raid 'within weeks'

The country's rich face a further coalition tax raid 'in the next few weeks', according to business secretary Vince Cable.

Speaking on the BBC's Andrew Marr Show on Sunday, Cable signalled the government would use the Autumn Statement, on December 5, to unveil a new tax rate for the well off. The Telegraph reports Cable said the debate around taxing the rich would be "resolved in the next few weeks". The paper said the most likely solution would be to increase taxes on homes. Cable said: "There needs to be a sense of fairness - better off people in society have got to contribute more. There are arguments around taxation, property taxation - I do not know where that has got to be it will be resolved in t...