Badenoch pledges inheritance tax changes as she pitches Tories as 'no-nonsense' party
Conservative Party leader Kemi Badenoch has pledged to scrap inheritance tax on family homes and increase tax-free thresholds in a bid to rebrand the party as 'no-nonsense'. She aims to differentiate the Tories from Labour and Reform UK while acknowledging the party's need to regain voter trust.
Why it matters
This policy proposal signals a shift in the Conservative Party's economic platform as they attempt to recover from a major election defeat and compete with populist rivals.
Figure caption, Watch: The big test facing Kemi Badenoch after her conference speech
Conservative Party leader Kemi Badenoch has pledged to scrap inheritance tax (IHT) on family homes and increase the amount couples can leave tax-free to £1m, in her keynote speech at the party's conference in Birmingham.
Badenoch added her ambition would be for a Conservative government to abolish IHT "as soon as we can afford it", but said she could not currently propose this due to spending commitments on defence, prisons and the economy.
Badenoch also used her speech to try to make clear how the Tories differed to Labour and Reform UK.
She pitched them as the "no-nonsense party" compared to the Reform UK "circus" and accused Prime Minister Andy Burnham of wanting to "live in the past".
Why Tories are talking about winning the next election
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