Tories pledge to cut £50k from cost of new homes
The Conservatives say the changes could cut costs for builders and buyers while speeding up housing delivery and easing planning delays.
- On Sunday, Shadow Chancellor Andrew Griffith outlined a deregulation package at the Conservative Party Conference in Birmingham, calling it the 'most ambitious deregulation project in a generation' with estimated new-home savings of up to £50,000.
- Following their historic 2024 general election defeat, the Conservatives are attempting to rebuild voter trust through tax-cutting measures and efforts to restore their economic credibility.
- The party plans to abolish Natural England and the Environment Agency, transferring their functions to Defra, while scrapping the Future Homes Standard despite research showing energy-efficiency measures cost £30,789 to install but reduce annual bills by £2,715.
- Reform UK economy spokesman Robert Jenrick accused the Conservatives of copying policies, while Liberal Democrat deputy leader Daisy Cooper called them a 'pointless anti-growth anti-business party,' and environmental groups warned the proposals would give corporations 'free rein to polluters.'
- Ahead of Chancellor John Healey's October 28 Budget, Griffith acknowledged fiscal constraints, confirming he and Tory leader Kemi Badenoch ultimately want to remove inheritance tax once the party can fund it.
41 Articles
41 Articles
Abolishing low-carbon standard would trim new home costs by £50k, say Tories
The Conservatives have claimed their planned abolition of the low-carbon Future Homes Standard could help to cut the cost of a new home by up to £50,000. The official opposition party has also proposed replacing the Community Infrastructure Levy and Section 106 system with a…
Tories would slash and burn Environment Agency, Natural England, net zero
Environmental rules around new homes and packing would also be in the wood-chipper if a party that oversaw one of the biggest ever declines in UK living standards gets its way. The Conservative Party conference is now underway in Birmingham. Addressing delegates yesterday, Monday 5th October, Shadow Chancellor Andrew Griffith outlined a plan to focus fiscal policy on unobstructed economic growth to the detriment of regulations. As many were exp…
Shadow Chancellor Andrew Griffith is unveiling 'the biggest regulation project in a generation' to kickstart the Sluggish economy and cut prices.
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