Ed Miliband: The Conservatives are ‘the political wing of the off-shore tax industry’

Ed Miliband is making much of the “us and them” idea of a tax crackdown on non doms. Commentators suggest will go down well with much of the electorate. The Labour leader has said “you and me” five times as he lists the things that non doms are exempt from.

He has also listed a series of “tests” to prove that you are a non dom – apparently it includes whether you have a burial plot aborad, a foreign bank account and even subscribe to a foreign newspaper.

He added that the law has its origins in the incomes of colonial settlers who made their fortunes overseas and didn’t want to pay taxes back in the UK, and it is time for them to change. The Labour leader also said that the rules are “so old fashioned that it doesn’t even matter where your mother was born” only your father.

Mr Miliband says that Conservatives have described the policy as “Catastrophic”, “cosmetic” and “unnecessary”, but that they “can’t have all three”.

Mr Miliband’s speech ended with a standing ovation after he described the Conservative party as the “political wing of the off-shore tax industry.”

The Conservatives have said the policy is an “example of why it would be a disaster to let Labour anywhere near our recovering economy”.