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Kemi Badenoch pledges to abolish stamp duty if Conservatives win, funding it through savings from welfare and aid cuts.
Kemi Badenoch, Conservative Party leader, announced plans to abolish stamp duty if the Tories win the next general election, aiming to help first-time buyers and boost the housing market.
She said savings from cutting foreign benefits, reducing aid, and helping claimants into work would fund the move, with £47 billion in projected public sector savings.
The proposal, which drew praise from the property industry, would eliminate a tax that raises about £12-15 billion annually, primarily from London buyers.
While details on funding remain unclear, Badenoch framed the plan as part of broader tax cuts and economic reforms to revive the party and address housing challenges.
Kemi Badenoch se compromete a abolir el impuesto a los sellos si los conservadores ganan, financiándolo a través de ahorros de bienestar y recortes de ayuda.