Kemi Badenoch Unveils Tory Plans To Abolish Stamp Duty

<div><img src="https://img.huffingtonpost.com/asset/68e63d0c150000d0092699b0.jpg?cache=1DJLtI0woL&ops=scalefit_630_noupscale" alt="Conservative Party leader Kemi Badenoch" data-caption="Conservative Party leader Kemi Badenoch" data-credit-link-back="" data-credit="Christopher Furlong via Getty Images" />Conservative Party leader Kemi Badenoch</div><div class="content-list-component text"><p><a href="news/kemi-badenoch" target="_blank" rel="noopener noreferrer">Kemi Badenoch</a> has announced the <a href="news/conservative-party" target="_blank" rel="noopener noreferrer">Conservatives</a> would abolish stamp duty if she wins the next election.</p><p>In her closing speech at the annual Tory conference in Manchester, the party leader insisted that she had a plan to fix Britain’s “broken model” – including the housing market.</p><p>“Young people trapped in the pain of working,” she said.</p><p>“Pensioners wanting to downsize. Stamp duty is a bad tax. We must go further. We must free up our housing market’I have looked at the stamp duty thresholds to see where we can change them. I have decided that we can’t. That simply will not be enough.</p><p>“Conference, the next Conservative government will abolish stamp duty on your home. It will be gone.”</p><p>Stamp duty is a tax property or land buyers have to buy if purchasing a property over a certain price in England and Northern Ireland.</p><p>Badenoch claimed she would be able to afford to do this by introducing a “golden economic rule” where “every pound we save will go to work, at least half will go towards cutting the deficit, because living within our means is our first priority.”</p><p>She continued: “And with the rest, we will get Britain growing and bring dow