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Tories pledge to cut £50k from cost of new homes

Griffith said the plan would cut new-home costs by up to £50,000 and scrap rules he says slow growth.

  • Shadow Chancellor Andrew Griffith outlined Conservative economic plans on Monday in Birmingham, describing his approach as the "most ambitious deregulation project in a generation" to cut taxes and red tape.
  • The Conservatives propose cutting housing costs by up to £50,000 by replacing the Community Infrastructure Levy with a single developer charge while abolishing Natural England and the Environment Agency.
  • Griffith pledged the next Conservative government would do "whatever it takes to end the delays and boost capacity by backing the third runway" at Heathrow Airport, while scrapping the Extended Packaging Responsibility scheme to lift a "burden" from businesses.
  • Reform UK economy spokesman Robert Jenrick accused the Tories of "copying our policies," while Prime Minister Andy Burnham dismissed the proposals as a "socialist fever dream of the 1970s."
  • The Conservatives continue attempting to rebuild trust after their 2024 election defeat, while Chancellor John Healey insists government promises remain "built on the rock of fiscal discipline" ahead of the October 28 Budget.
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City AM broke the news in London, United Kingdom on Sunday, October 4, 2026.
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