Kemi Badenoch has pledged to abolish stamp duty land tax as part of her plan to revive home ownership and stimulate the housing market — describing it as an “unconservative tax” that prevents millions from buying or moving homes.
In a surprise announcement during her closing speech at the Conservative Party conference in Manchester, the Tory leader said the next Conservative government would “abolish stamp duty on your home”, drawing a standing ovation from the audience.
“We must free up our housing market,” Badenoch said. “A society where no one can afford to buy or move is a society where social mobility is dead.”
She added that she had considered simply raising stamp duty thresholds but concluded that “it was not enough”, insisting that complete abolition was the “key to unlocking a fairer society”.
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