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Badenoch Promises £6B Inheritance Tax Cut at Conference

By Drooid · Oct 10, 2026, 9:58 AM UTC · How we work

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Inheritance Tax Cut

Conservative Party leader Kemi Badenoch spoke at the party’s annual conference in Birmingham’s Symphony Hall on 7 October 2026.
The speech foregrounded a £6 billion inheritance-tax removal, restoring the Tories’ tax-cutting image after the 2024 loss.
She announced removal of inheritance tax on homes and a £1 million allowance per couple.
Badenoch introduced a £10 billion “Britannia Shield” programme to protect UK from drones and missiles.

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Rich Gains Welfare Cuts

Conservative Party leader Kemi Badenoch spoke at the party’s annual conference in Birmingham’s Symphony Hall on 7 October 2026.
Critics warned the £6 billion inheritance-tax abolition would mainly benefit wealthy homeowners and force cuts to welfare services.
Badenoch said the tax cut would be financed by reductions in the welfare bill.
Tax Justice UK called the plan a reckless giveaway that would deprive services of cash.

History

Historical Context

Thatcher’s 1986 Finance Act renamed capital-transfer tax as inheritance tax and lowered its rates, prompting fiscal debate. The 2010 Finance Act later reversed a planned rise in the nil-rate band, keeping the exemption at £350,000. In 2026, Kemi Badenoch pledged to abolish inheritance tax, echoing the 1980s reform and its impact on wealth distribution.

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Inheritance Tax Cut

Conservative Party leader Kemi Badenoch spoke at the party’s annual conference in Birmingham’s Symphony Hall on 7 October 2026.
The speech foregrounded a £6 billion inheritance-tax removal, restoring the Tories’ tax-cutting image after the 2024 loss.
She announced removal of inheritance tax on homes and a £1 million allowance per couple.
Badenoch introduced a £10 billion “Britannia Shield” programme to protect UK from drones and missiles.

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