Kemi Badenoch, the leader of the Conservative Party, announced plans to eliminate inheritance tax on family homes and increase the tax-free allowance for couples to £1 million during her speech at the party's conference in Birmingham. She emphasized the need for a Conservative government to abolish the tax when financially feasible, while also addressing party differences with Labour and Reform UK.
Badenoch's proposals, which could cost around £6 billion annually, have drawn criticism from opposition parties, who argue they favor wealthier individuals. The speech also included commitments to various policies, including defense spending and prison expansion, as part of the party's strategy to regain voter trust after recent electoral losses.
Watch for the Conservative Party's next moves on inheritance tax as Badenoch's proposals could reshape voter perceptions. With a potential £6 billion annual cost, the impact on middle-class families and the party's strategy to regain trust will be crucial in upcoming debates.