IN a crowded field, stamp duty must be one of the worst taxes.
It traps young people in their parents’ spare bedroom, growing families in homes too small, and pensioners in homes too big for them.
It’s baffling we have created a tax that makes our housing market less accessible and actively harms our economy.
Last week, I vowed a future Conservative government will scrap stamp duty, as I believe no one should be penalised for buying their dream home.
Twenty-five years ago, another Conservative Party leader held a similar belief.
With her “Right to Buy” policy, Margaret Thatcher opened up the ambition of home ownership for millions of Brits.
It was a key plank of Conservative economic policy that would rescue our country from years of decline under Labour and the trade unions.
This Conservative Party leader knows she’s going to have to do the same.
I have a plan, a great team around me and the backbone to do what’s necessary.
And it starts with the “Chance to Buy” — abolishing stamp duty.
A new homes policy for a new age.
Kemi Badenoch writes: ‘Stamp duty must be one of the worst taxes’[/caption]
