Tories would abolish stamp duty, Badenoch tells party conference – UK politics live
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At the recent party conference, Tory leader Kemi Badenoch proposed abolishing stamp duty, labeling it a 'bad tax' that hinders the housing market and social mobility. This move could significantly impact homebuyers by making it easier for them to enter the market, potentially revitalizing the economy. Meanwhile, the Labour deputy leadership election is underway, with Lucy Powell emerging as a strong contender, promising to advocate for governmental reforms if elected. This political landscape is crucial as it shapes the future of housing policies and party dynamics in the UK.
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