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Evening Standard
Evening Standard
Business
Jonathan Prynn

Property industry welcomes Kemi Badenoch's "transformative" pledge to abolish stamp duty on homes

Stamp duty is seen as a dead weight on the property market (Anthony Devlin/PA) - (PA Archive)

Kemi Badenoch’s pledge to abolish stamp duty on homes was today welcomed as the “single best tax reform any government could make.”

The Tory leader told her party conference to rapturous applause: “At the heart of a Conservative Britain is a country where people who wish to own their first home, can," she says. "But our housing market is not working as it should."

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