Badenoch turns to inheritance tax.

She says she is not abolishing inheritance tax at this conference.

She goes on:

Everybody’s been asking me about inheritance tax.

So let’s talk about it.

We are not abolishing inheritance tax at this conference.

I know you’re disappointed.

We could do it, but not if we want to keep our country safe with the Britannia Shield. Not if we also want to keep people safe, with 50,000 new prison places. Not if we want to cut the deficit threatening to bankrupt our country and burdening our children.

Governing is about choices, tough choices, and Conservatives will not announce a tax cut without telling you how we are going to pay for it.

She says inheritance tax has become a tax affecting “ordinary middle class families in every corner of our country”.

She goes on:

So let’s go back to first principles.

What is the thing that most people want to pass on to their children and grandchildren? It is their family home.

Conference, the Conservatives are and always have been the party of home ownership. We understand why putting roots down and having a stake in society matters. Our homes are where we watch our children take their first steps. They are where we gather every Christmas to put up the same decorations.

Passing on your to your family is one of the most human instincts of all.

So, conference, the next Conservative government will legislate so nobody will ever pay inheritance tax on their family home.