Conservative Party leader Kemi Badenoch

Kemi Badenoch has announced the Conservatives would abolish stamp duty if she wins the next election.

In her closing speech at the annual Tory conference in Manchester, the party leader insisted that she had a plan to fix Britain’s “broken model” – including the housing market.

“Young people trapped in the pain of working,” she said.

“Pensioners wanting to downsize. Stamp duty is a bad tax. We must go further. We must free up our housing market’I have looked at the stamp duty thresholds to see where we can change them. I have decided that we can’t. That simply will not be enough.

“Conference, the next Conservative government will abolish stamp duty on your home. It will be gone.”

Stamp duty is a tax property or land buyers have to buy if purchasing a property over a certain price in England and Northern Ireland.

Badenoch claimed she would be able to afford to do this by introducing a “golden economic rule” where “every pound we save will go to work, at least half will go towards cutting the deficit, because living within our means is our first priority.”

She continued: “And with the rest, we will get Britain growing and bring down the taxes which are stifling our economy.”

Although the Tories have consistently........

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