"Badenoch received a standing ovation from Tory activists in Manchester as she declared: "That is how we will help achieve the dream of home ownership for millions." She said scrapping stamp duty - a tax on the sale of homes in England and Northern Ireland - will "unlock a fairer and more aspirational society" and help people of all ages."
"It came after a speech packed with new policies aimed at grabbing political attention and setting out clear dividing lines with her opponents. Badenoch was under pressure to deliver the speech of her political career, to end speculation that she will face a leadership challenge, as her party continues to trail Labour and Reform UK in the polls. Her 45 minute address was peppered with jokes and personal stories and went down well in the hall,"
An announcement pledged abolition of stamp duty on sales of main homes in England and Northern Ireland, aiming to increase homeownership and social mobility. The proposal frames stamp duty as a harmful tax that restricts housing market movement and aspirational opportunities across ages. Stamp duty currently applies to buyers of properties over £125,000, with first-time buyers exempt on purchases up to £300,000; higher-priced purchases incur a percentage charge. The proposal was unveiled amid party conference activity, accompanied by promises of additional policies designed to draw political contrasts with Labour and Reform UK.
Read at www.bbc.com
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