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Tories promise to scrap stamp duty if they win next election
Kemi Badenoch plans to fund stamp duty abolition while adhering to a new fiscal rule and aims to boost economic activity with £47 billion in public sector savings, the Tories say.
- Last week at the Conservative Party Conference in Manchester, Kemi Badenoch pledged to abolish stamp duty if the Conservative Party wins the next election.
- Badenoch introduced a 'golden rule' stating half of the £49 billion public sector savings will fund tax cuts and deficit reduction while staying within fiscal rules.
- Figures show stamp duty receipts totalled about £13.9 billion last financial year, while the IFS estimates abolishing it on primary residences costs around £4.5 billion, and Conservatives 'cautiously' estimate £9 billion.
- The speech closed a conference that had been overshadowed by leadership questions and the threat from Reform UK, after 20 councillors defected the day before to Nigel Farage's party.
- Framing the tax cut as pro-growth, she said it would free up the housing market and spark a chain reaction of spending on removals, DIY and home furnishings to revive the Tories' electoral strategy.
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Stamp duty land tax
Stamp duty land tax sam.macrory Wed, 08/10/2025 - 15:51 Is Kemi Badenoch's pledge to abolish stamp duty a sensible plan? 4 Explainer Jill Rutter Institute for Government Yes Kemi Badenoch has promised that a Conservative government would abolish stamp duty on main homes for UK residents. Public finances Tax Economy Housing Public spending Conservative Labour Leader of the opposition Chancellor of the exchequer No What has Kemi Badenoch promise…

+4 Reposted by 4 other sources
Badenoch vows to abolish stamp duty as she closes Tory conference
She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the…
·County Durham, United Kingdom
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Total News Sources25
Leaning Left8Leaning Right3Center7Last UpdatedBias Distribution44% Left
Bias Distribution
- 44% of the sources lean Left
44% Left
L 44%
C 39%
R 17%
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