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UK Conservative leader pledges to abolish inheritance tax on family homes
The plan would cut bills for more than half of families and let couples pass on an extra £1 million tax-free.
- On Wednesday, Conservative Party leader Kemi Badenoch closed the party conference in Birmingham, declaring the next election a "battle for the soul of this nation" and promising to turn the economy around.
- Badenoch warned that the country is "running out of money," citing a national debt of nearly £3 trillion growing by more than £100 billion annually, with four in five pounds borrowed spent on interest alone.
- The Tories unveiled tax cuts, scrapped the mansion tax on properties above £2 million, and pledged £10 billion over 10 years for the "Britannia Shield" missile defence system.
- Taking aim at Prime Minister Andy Burnham, Badenoch accused Labour of believing "economic growth is created by politicians" and warned their policies create a "tax doom loop that is making us all poorer."
- Emphasizing principles from a booklet published Sunday, Badenoch argued government should focus on defence and borders, asserting that "the collective wisdom of people in our country is greater than central planning.
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'Last thing this country needs is a Paddington Bear prime minister hoping that the problems will just go away,' Badenoch says
·Ankara, Türkiye
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(London=Yonhap News) Correspondent Kim Ji-yeon = The UK's main opposition Conservative Party, a center-right party, has put forward a pledge to abolish the inheritance tax on family homes.
·Seoul, Korea (the Republic of)
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Tory leader pledges to abolish inheritance tax on family homes
The leader of Britain’s opposition Conservatives, Kemi Badenoch, pledged on Wednesday to abolish inheritance tax on family homes and let couples pass on an additional £1 million without incurring the levy if the party wins power. The Conservative Party, which has spent more time governing Britain than any other party, now sits third in opinion […]
·Nicosia, Cyprus
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Total News Sources46
Leaning Left6Leaning Right9Center14Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 21%
C 48%
R 31%
Factuality
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