Badenoch vows to abolish stamp duty

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Conservative Party Leader Kemi Badenoch pledges to abolish stamp duty, labelling it "a bad tax". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Conference stamp duty is a bad tax. It is an unconservative tax.

00:05The last conservative government cut stamp duty for thousands of homebuyers.

00:11But now we must go further. We must free up our housing market.

00:15Because a society where no one can afford to buy or move is a society where social mobility is dead.

00:24So I have looked at the stamp duty thresholds to see where we can change them.

00:30I have looked at the rates you have to pay to see if we can lower them.

00:35I have decided that we can't.

00:39Because that simply wouldn't be enough.

00:41Conference, the next conservative government will abolish stamp duty on your home.

00:51It will be gone.

01:00I thought you'd like that one.

01:03I thought you'd like that one.

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