Badenoch expected to propose inheritance tax cuts in conference speech

Kemi Badenoch is expected to announce inheritance tax cuts in a keynote conference speech. Her anticipated message casts the next election as a contest over ideas, contrasting a government spending more money with a Conservative party seeking to keep the state within its means.

The Conservatives have not confirmed that they will propose inheritance tax cuts, but they have not sought to dispel speculation about an announcement. The expected proposal would reduce the tax rather than abolish it entirely. Inheritance tax is projected to bring the Treasury £15 billion annually by the end of the decade.

The Conservatives are also expected to publish a savings plan explaining how they would fund tax cuts, including a £2.3 billion reduction in employer national insurance for young people announced the previous night. At their conference last year, the party identified £47 billion in spending cuts, including £23 billion from welfare.