Badenoch vows to scrap inheritance tax on family homes and cut welfare spending

Kemi Badenoch, leader of the Conservative Party, has pledged to eliminate inheritance tax on family homes and raise the threshold for death duties to £500,000 if the party gains power. Speaking at the Conservative Party's annual conference in Birmingham, Badenoch vowed to focus on allowing people to retain more of their earnings by cutting welfare spending and repealing Labour's policies.

She accused the Labour Party of being "addicted to welfare" and criticized the party for treating money and savings as "their to take and hand out." Badenoch argued that the Conservatives would slash the benefits bill and make the welfare system more "fair." She also stated that the inheritance tax plans would result in more than half the number of families paying the tax and allow couples to leave behind an additional £1 million tax-free.

The proposed measures include increasing the nil-rate band for estates leaving their main home to direct descendants and funding the changes through repealing other welfare policies. Badenoch emphasized the need for a "tough love" approach to the welfare system and dismissed the idea of forming a pact with Reform UK, stating that the party would not unite with a party that would take the country "backwards."