Badenoch Vows to Scrap UK’s Stamp Duty Tax on Home Purchases

Kemi Badenoch, a Conservative Party leadership contender, has promised to abolish the stamp duty tax on the purchase of primary residences in the UK. This tax, which is levied on home buyers, has been a long-standing issue, with many arguing that it hinders affordability and accessibility in the housing market. Badenoch's proposal is part of her broader strategy to revive the Conservative Party's electoral fortunes, as the party faces the prospect of a historic defeat in the next general election, which is scheduled to take place in just over a year. The abolition of the stamp duty tax is seen as a measure to stimulate the housing market and make home ownership more attainable for the general public. The announcement comes amidst ongoing debates around the state of the UK's economy and the cost-of-living crisis, with Badenoch positioning herself as a candidate who is willing to take bold steps to address these challenges.