Tories promise to scrap stamp duty if they win next election
Kemi Badenoch aims to boost the housing market by scrapping stamp duty on primary homes, citing over 800,000 stalled moves and funding the plan through public sector savings.
- On October 8, Conservative Party leader Kemi Badenoch unveiled plans to abolish Stamp Duty Land Tax during her keynote at Manchester Central, a surprise pledge that drew a standing ovation from conference attendees.
- Facing market bottlenecks, Badenoch said over 800,000 homeowners have shelved moving plans in two years because of Stamp Duty Land Tax, which she called a barrier to housing.
- Institute for Fiscal Studies figures show abolishing stamp duty on primary residences would cost around £4.5bn, while the Conservative Party estimates the cost at £9 billion by decade’s end.
- Property market analysts hailed the policy as it would apply only to primary residences, with Property industry voices saying it would free up stock and boost related trades.
- Given other conference commitments totaling �21.1 billion, Badenoch said she would implement it only if the Conservatives win the next general election, without explaining funding, making implementation unlikely soon.
47 Articles
47 Articles
Kemi Badenoch criticizes labour government, says UK falling behind while China builds nuclear
Conservative Party leader Kemi Badenoch has accused the Labour-led UK government of neglecting serious national priorities while global competitors surge ahead in innovation and industrial growth. Speaking at the Conservative Party’s annual conference in Manchester, Badenoch warned that Britain is becoming “stagnant” as other countries focus on technological progress and economic expansion. “While Britain was redefining what a woman is, China wa…
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…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium