Rebecca Smith, MP for South West Devon, has today thrown her full support behind Conservative Leader Kemi Badenoch’s announcement that a future Conservative Government will abolish Stamp Duty, calling it a “game-changer for families and homeowners across the South West.”
Speaking after Kemi Badenoch’s announcement at the Conservative Party Conference in Manchester, Miss Smith said:
“Owning your own home is one of the most important steps anyone can take. It gives you a real stake in your community and a sense of pride and stability for your family. Yet our housing market is not working as it should. Too many people face barriers when they simply want a home that meets their needs.”
“That’s why I warmly welcome Kemi Badenoch’s announcement that a future Conservative Government will abolish Stamp Duty for people buying their main home. This is a bold, practical policy that will help families looking to upsize and find their forever home, make it easier for older residents who want to downsize, and support first-time buyers taking their first step on the ladder. It’s about creating a fairer, more flexible housing market that works for everyone.”
The move will cost £9 billion a year and will be fully funded through the Conservatives’ £47 billion savings plan. Half of those savings will go towards reducing the deficit, with the other half supporting measures like this to grow the economy.
Miss Smith added:
“Home ownership is at the heart of what we believe as Conservatives. It’s about aspiration, independence and having a stake in your community. I’m proud to see Kemi Badenoch leading with a clear, costed plan that backs those values and gives people in South West Devon a fairer shot at finding the right home for them, whether that’s, a bigger family home, a first home or somewhere to enjoy retirement.”
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