Tories will scrap stamp duty on house sales, Kemi Badenoch tells conference

Plan to cut tax that raised nearly 12bn last year announced in speech aimed at boosting economic credibility

The Conservatives will scrap stamp duty on house sales if they win the next election, Kemi Badenoch has said in a policy-heavy speech designed to improve her party's economic credibility.

The Tory leader told her party's conference in Manchester she would abolish the tax entirely that new buyers have to pay on house purchases over 125,000, and which raised nearly 12bn for the Treasury last year.