Conservative Party Conference: Badenoch announces pledge to scrap stamp duty

Conservative leader Kemi Badenoch has pledged to abolish stamp duty if her party wins the next election.

Describing the tax on homebuyers as a "bad" one, she told the party’s annual conference: "We Conservatives believe that owning your own home gives you a real stake in society.

"I have looked at the stamp duty thresholds to see where we can change them. I have looked at the rates you have to pay to see if we can lower them. I have decided that we can’t – because that simply wouldn’t be enough.

"Conference, the next Conservative government will abolish stamp duty on your home."