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Tory leader Penny Badenoch vowed to cut inheritance tax during her party’s conference speech, aiming to reduce the number of families paying it by more than half. She accused the Labour government of being “addicted to welfare” and criticized its economic policies as causing debt and stifling growth. Emphasizing a focus on economic issues over cultural debates, Badenoch promised to implement a “tough love” approach to cut benefits and increase youth employment. The Conservative Party also announced plans to halve the rate of employer national insurance for young workers aged 21 to 24, block school leavers from moving directly onto out-of-work benefits, scrap a proposed tax on properties valued over £2 million, and reduce regulatory burdens.
Written locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Conservative leader Kemi Badenoch pledged to scrap inheritance tax (IHT) on family homes and increase the amount couples can leave tax-free to £1 million during her keynote speech at the party's conference in Birmingham. This change would reduce the number of families paying death duties by half, according to Badenoch. She also expressed an ambition to abolish IHT entirely "as soon as we can afford it," but acknowledged current spending commitments on defense, prisons, and the economy prevent such a move immediately.
Badenoch portrayed the Tories as the "no-nonsense party" compared to Reform UK, which she described as a "circus." She emphasized that her party would fight against Labour’s plans for higher taxes and increased public spending, framing the upcoming election as a "battle for the soul of this nation."
Critics argue these proposals prioritize support for wealthier individuals rather than broader economic issues. Liberal Democrat leader Sir Ed Davey criticized Badenoch's speech, saying she was lecturing on fiscal responsibility while making unfunded promises amounting to tens of billions. The planned changes would take effect before a proposed mansion tax on properties valued at more than £2 million in England. Overall, the Conservative Party aims to differentiate itself from Labour and Reform UK by advocating for lower taxes and economic growth through reduced state intervention.
Written for “Conservatives Inheritance Tax Plan” on 2026-10-07,
grounded in this article and the 15 other(s) covering the same event.
Why this leaning score
The model judged this article politically coded and scored it +0.65, but 2 quote(s) could not be found in the article and the other 3 are attributed speech rather than the article's own narration, so the score is not published.
Written under an earlier scoring contract, which gave a paragraph
rather than checkable quotes. Re-analysing this article replaces it.
Leaning score withheld for article 62758: no verified evidence · logged 2026-10-07
The Tory leader said the next election will be a “battle for the soul of the nation” as she promised the party would focus on letting people “keep more of what they earn”.
asserted
they → say → what
The move would mean the number of families paying inheritance will fall by more than a half, Mrs Badenoch said as she accused the Labour Government of being “addicted to welfare” and spending too much while “drowning our country in debt”.
asserted
she → mean → debt
“The Labour Party think it is selfish to pass on what you have earned to your children.
asserted
you → think → children
We don’t,” she said.
asserted
she → do → ?
As she seeks to reverse the Tories’ fortunes following its 2024 electoral rout, she insisted she was “not someone who gets written off” and “neither is the Conservative Party”.
asserted
who → seek → rout
“We are going to win, not for ourselves, but for our country.
asserted
We → go → country
For every hard-working person out there, for everyone who wants to see common sense restored, for everyone who wants to see Britain working again,” she said.
asserted
she → work → everyone
“We are going to win for everyone who wants to see our great country united.”
asserted
country → go → everyone
The Tories have put the economy top of their agenda at their party conference this autumn, focusing less on the so-called “culture wars” that dominated previous years.
asserted
that → put → years
Mrs Badenoch said the party, which is behind Labour and narrowly trailing Reform UK in opinion polls, would adopt a “tough love” approach to slash the benefits bill and get more young people into work.
asserted
which → say → work
“We need to put the fair back in welfare,” she said.
asserted
she → need → welfare
“It is morally wrong to tell people suffering bouts of mild anxiety that they are disabled and cannot work.”
asserted
they → tell → anxiety
Attacking the Burnham Government, she said: “It’s the same old high tax, high spend Labour.
asserted
It → attack → Government
Reviving the economy would be the “central organising principle” of a future Conservative administration, she said.
asserted
she → revive → administration
Claiming the party was united after an “export boom of drama queens” who have defected to Reform UK, she again ruled out forming a pact with Nigel Farage’s party to avoid splitting the right-wing vote at the next election.
asserted
she → claim → election
Taking aim at the party over ongoing scrutiny of its finances, she said: “The circus goes on and on and it will never stop, because this is who Reform politicians are.
asserted
politicians → take → finances
“To those who say ‘unite the right’, we are not uniting with that.”
asserted
we → say → that
She suggested Reform UK would take the country “backwards,” adding: “This party is now the no drama party.
uncertain
party → suggest → country
Along with promising to cut the rate inheritance tax, the Tories have used the conference to announce a raft of new policy pledges including:
– Halving the rate of employer national insurance on earnings for people aged between 21 to 24.
– Blocking school leavers from moving straight onto out-of-work benefits in what they describe as a “tough love” approach to boost youth employment.
– Scrapping the so-called “mansion tax” on properties in England with a value higher than £2 million due to come into effect in 2028.
asserted
they → promise → 2028
– Cutting red tape and abolishing arms-length bodies including Natural England in a bid to speed up development and reduce the cost of new homes for buyers.
– Investing £10 billion over 10 years in a new “Britannia Shield”, a defence system which would seek to protect Britain and its overseas bases from drone and missile attacks.
asserted
which → cut → attacks
Read More
Political opponents have accused the Conservatives of playing “fantasy economics” by understating the cost of their plans, which the Tories insist are fully funded.
asserted
Tories → read → plans
Questions also linger over the Tories’ long-term commitment to the triple lock, which Prime Minister Mr Burnham has pledged to adjust in order to help fund a new national care service.
asserted
Burnham → linger → service
Mrs Badenoch has said current Conservative policy is to keep the state pension guarantee but said it would be “difficult” to commit to reinstating the policy if Labour changed or scrapped it.
asserted
Labour → say → it
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