Opportunity
To realise our country’s great potential after Brexit there’s action we need to take at home, from making our economy truly work for everyone to healing the divisions caused by Brexit and the Scottish independence referendum.
At the 2018 Conservative Party Conference we’re setting out how we will do that by building a stronger, fairer country with real opportunity – real opportunity for people who work hard and do the right thing.
At the moment, foreign individuals and companies who don’t live in the UK can buy homes as easily as people who actually live here – driving up house prices and making homes less affordable for ordinary people.
Today we’ve announced that we will apply a higher rate of stamp duty for non-UK residents to help make homes more affordable and fund our commitment to end rough sleeping.
That’s why we’re increasing stamp duty for individuals and companies not tax resident in the UK. This tax could raise up to £120 million - money we’ll use to help people who are sleeping rough. At the same time, we have abolished stamp duty for 80% of first-time buyers, helping families get a foot on the housing ladder and a good start in life.
Britain will always be open to people coming here to live, work and build a life.
Our plan for more homes will help them have the opportunity of a great place to live and raise a family.
Labour's broken promise
Labour broke the promise they made in their manifesto and voted against cutting stamp duty. This would make it harder for people to get on the housing ladder. Labour MPs voted against the Finance Bill at Third Reading and the abolition of stamp duty for 80 per cent of first-time buyers – breaking their manifesto commitment.
Other news from the Conference
We'll be setting out how we are increasing support for service personnel, their families and veterans, making sure they have the right skills in life to succeed while they are in the Armed Forces and after they leave.
Expanded the cadet programme and launched a national Cadet Week to make sure young people have the opportunity to succeed in life no matter what their background.
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