Kemi Badenoch speech latest: Conservative leader to promise tax cuts in ‘battle for the soul of the nation’

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Kemi Badenoch rejects the idea her proposed new missile defences is a British ‘Iron Dome’

A “battle for the soul of the nation” is approaching, Conservative leader Kemi Badenoch will say as she is expected to centre her speech on promises to cut taxes.

She is widely expected to announce in her closing speech on Wednesday a proposed cut to the 40 per cent rate of inheritance tax, which applies to an estate’s value worth more than £325,000.

Pledges announced in previous days have included halving employer national insurance for workers aged between 21 and 24, and scrapping the so-called “mansion tax” on properties in England with a value higher than £2 million.

Ms Badenoch will warn “something is going to break” without better growth under the Tories as she accuses Andy Burnham’s Labour of presiding over a “tax doom loop that is making us all poorer”.

Ms Badenoch will hope the speech revives the electoral hopes of her party, which trails both Labour and Reform UK in opinion polls.

She said on Tuesday if there were a hung parliament at the next election, she would rather fight two general elections in quick succession than form a coalition with Nigel Farage’s Reform UK.

How Reform will attempt to oust the Tory leader

Reform UK will try to oust Kemi Badenoch by using a US-style primary to find its candidate to fight her Essex seat at the next general election.

Every resident of North West Essex constituency will have the chance to choose who stands for Nigel Farage’s party, even if they are not a member.

In what is already expected to be a hotly contested constituency, Reform hopes the move – which emerged on the eve of Ms Badenoch’s speech to her party conference in Birmingham – will help them build support for their pick.

The final choice will be made through a vote at a public event hosted by Mr Farage.

Open primaries are held in a number of US states and allow voters to take part in the selection of Democrat and Republican candidates even if they are not party members.

Reform UK leader Nigel Farage

Schedule for the final day of the conference

Wednesday is the final day of the Conservative Party conference. Here’s who is speaking today:

  • Party chair Kevin Hollinrake
  • Shadow home secretary Chris Philp
  • Shadow justice secretary Nick Timothy
  • Leader Kemi Badenoch will deliver the closing speech at 12pm

John Healey to ‘cut energy bills for most poor’ in Budget

The chancellor is said to be considering a move that would cut soaring energy bills for the poorest people in his first Budget.

The government has so far kept all discussions regarding the Budget under wraps, but according to The Guardian, reform to help people with high energy bills is on the table.

The paper reported John Healey is considering increasing the warm homes discount to help the poorest households heat their homes.

Chancellor John Healey speaking at last week’s Labour Party conference

He is reportedly considering an increase of £100 to the £150 discount to energy bills, funded by taxpayers rather than bill-payers.

It comes as the chancellor is having to find vast sums of money in his first Budget to fund Andy Burnham’s prime ministerial pledges, as well as fund a £4.7bn black hole in defence spending.

What will Kemi Badenoch say in today's speech?

Kemi Badenoch is expected to tell the audience of Tory politicians and campaigners: “Conference, there is a fight coming in British politics.

“A fight that we have not seen in this country for more than half a century.

“It will be a battle for the soul of this nation. A battle of ideas. A battle that goes to the very core of who we are and what kind of country we want to be.”

Ms Badenoch will pitch the Tories, who are behind Labour and narrowly trailing Reform UK in opinion polls, as the party “fighting again for the belief that what people earn belongs to them, not government”.

Echoing former Conservative prime minister Margaret Thatcher, she will say the Tories offer “the right way” and argue “no one else is going to deliver a stronger economy and a stronger country”.

“We are running out of money and running out of time to put it right,” she will say.

“Conference, we have a fight on our hands and we need to be ready. Unless we start creating more value, unless we start growing our economy, something is going to break.”

Tories rule out pact with Reform UK

The deputy leader of the Conservative Party has ruled out a pact with Reform UK, citing Nigel Farage’s “dubious” financial affairs.

Alex Burghart said the Tory party will “not ever” make a deal with their right-wing rivals, despite other figures in the party calling for a pact.

Alex Burghart, deputy leader of the Conservative Party

Asked about comments made by former Tory MP Jacob Rees-Mogg, who said Conservatives should at least consider striking a deal, Mr Burghart said: "I'm very fond of Jacob, but we're not doing a deal with Reform.

“Reform have said that they are out to destroy us. Reform have taken money from very dubious sources in very dubious ways.

“Nigel Farage has not accounted for £5 million that went into his private bank account. I am very suspicious of large sums of money given from cryptocurrency, which is a system deliberately set up to hide its origins.

“You can buy a lot of things with money, but you can't buy integrity.”

Kemi Badenoch does want to 'get rid' of inheritance tax

Ahead of Kemi Badenoch’s speech later, deputy Tory leader Alex Burghart said Ms Badenoch does want to “get rid” of inheritance tax.

She wants to get rid of inheritance tax, but she's only going to do it if we can afford it,” he told Sky News.

“That's why she's asked Andrew Griffith, shadow chancellor, and the economic team to see what the options are. But we're not going to commit to anything unless we can afford it.”

Tax cuts top of the agenda at party conference

Kemi Badenoch is expected to unveil cuts to inheritance tax in her major speech at the Conservative Party conference later on Wednesday.

The announcement would come a year after her 2025 conference promise to abolish stamp duty for buying homes.

Kemi Badenoch will give her major speech at the Conservative Party conference later on Wednesday

After suggesting over the weekend reducing inheritance tax would be "morally right", she is set to place tax cuts at the heart of her address. The so-called “mansion tax” on properties in England with a value higher than £2 million would also be ditched.

She is further expected to cut employers’ national insurance for workers aged 21 to 24 to 7.5 per cent, in an effort to tackle the youth unemployment crisis.

It is thought welfare cuts of £30bn will pay for the policies.

Something will break without better growth, Badenoch to predict

Opposition leader Kemi Badenoch is set to warn in her conference speech that “something is going to break” without better growth as she accuses Andy Burnham’s Labour of wanting to “wind back the clock to failed ideas of the past”.

The Tories have put the economy top of their agenda at their party conference in Birmingham, focusing less on the so-called “culture wars” that dominated previous years.

Mrs Badenoch will accuse Labour of believing “growth is created by politicians” and presiding over a “tax doom loop that is making us all poorer”.

Fight is coming in British politics, Badenoch to warn

A fight is coming in British politics, Conservative leader Kemi Badenoch is set to warn, in her leader’s speech at the end of the party conference.

She is set to say it will be “a fight that we have not seen in this country for more than half a century”.

“It will be a battle for the soul of this nation. A battle of ideas.

“A battle that goes to the very core of who we are and what kind of country we want to be.”

She will pitch the Tories, who are behind Labour and narrowly trailing Reform UK in opinion polls, as the party “fighting again for the belief that what people earn belongs to them, not government.”

Kemi Badenoch at the Conservative Party conference

Original source Kemi Badenoch speech latest: Conservative leader to promise tax cuts in ‘battle for the soul of the nation’

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