Badenoch expected to announce inheritance tax cut in Tory conference speech
Kemi Badenoch is expected to announce tax cuts, probably on inheritance tax, in her keynote speech at the Conservative conference. The party has not confirmed this and calls reports speculation.
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The story, neutrally told
Left · 1Kemi Badenoch, the Conservative leader, is expected to announce cuts to inheritance tax in her keynote speech to the party conference on Wednesday 7 October, due around 11.15am. The GuardianLC “Kemi Badenoch is expected to announce cuts to inheritance tax (IHT) this morning in a keynote conference speech”“Around 11.15am: Kemi Badenoch delivers her keynote speech.” Read at The Guardian ↗ Right · 1City A.M. reported that expectations were growing she would announce "multiple" tax cuts, with national insurance and inheritance tax at the centre, citing a person involved in the party's policy planning. City A.M.RC “Expectations are growing that Kemi Badenoch will announce “multiple” tax cuts in her flagship speech”“A person involved in the party’s policy planning said there would be a number of tax cut announcements at her speech on Wednesday.” Read at City A.M. ↗ Mixed · 2The Conservatives have not confirmed an inheritance tax cut. A party spokesman called reports of unannounced tax cuts "speculation", and the Guardian said the party had done nothing to quash it. City A.M.RC “A party spokesman said reports on unannounced tax cuts represented “speculation”.” Read at City A.M. ↗ The GuardianLC “The Tories have not confirmed that inheritance tax cuts will be proposed.” Read at The Guardian ↗
Left · 1The Guardian said Badenoch is expected to propose cutting inheritance tax rather than abolishing it, and noted it is set to raise £15bn a year for the Treasury by the end of the decade. The GuardianLC “IHT is set to raise £15bn a year for the Treasury by the end of the decade, and Badenoch is expected to propose cutting it rather than getting rid of it completely.” Read at The Guardian ↗ Right · 1On Tuesday the party announced a £2.3bn pledge to halve employers' national insurance contributions for workers aged 21 to 24, from 15% to 7.5%, to tackle youth unemployment; party officials said earnings above £50,270 would still face the standard rate. City A.M.RC “The new £2.3bn pledge is one of its top offers to tackle youth unemployment, bringing the tax rate down from 15 per cent to 7.5 per cent for this age group.”“Party officials said earnings above £50,270 would still face the standard rate” Read at City A.M. ↗ Right · 1Shadow chancellor Andrew Griffith said Labour was "destroying the future of our young people" after raising employers' national insurance by £25bn, and that the Tories would reverse plans for mansion taxes and scrap the packaging tax. City A.M.RC “Shadow chancellor Andrew Griffith said Labour was “destroying the future of our young people””“Griffith said the party would reverse plans to impose mansion taxes and would scrap the controversial packaging tax.” Read at City A.M. ↗
Right · 1Badenoch told Sky News that inheritance tax was "a problem", that the wealthiest families use trusts to avoid it, and that it hits the middle class. She added: "We are not announcing any tax breaks unless we can afford to pay for them." City A.M.RC “She told Sky News that many of the wealthiest families used trusts to avoid inheritance taxes”““We are not announcing any tax breaks unless we can afford to pay for them,” Badenoch said.” Read at City A.M. ↗ Left · 1The Tories are also due to publish a "savings plan" on Wednesday explaining how they would fund tax cuts. Last year they identified £47bn of spending cuts, £23bn of them from welfare, and shadow work and pensions secretary Helen Whately said she had found "billions more". The GuardianLC “the Tories are also set to publish a “savings plan” today that will explain where they will find the money for tax cuts”“the Conservatives said they had identified cuts to government spending worth £47bn, with £23bn coming from welfare.” Read at The Guardian ↗ Left · 1Extracts released in advance show Badenoch will describe a "battle for the soul of this nation" between a government that "thinks government knows best" and a Conservative party that believes what people earn belongs to them. The GuardianLC “It will be a battle for the soul of this nation.”“what people earn belongs to them, not government.” Read at The Guardian ↗
Right · 1Badenoch also said an election now would produce a hung parliament, and called the Conservatives "the only credible alternative to Labour", with polls showing Reform UK, the Conservatives and Labour close together. City A.M.RC “She said that “if there’s an election now, there’d be a hung parliament”.”“Polling has shown voting shares for Reform UK, the Conservatives and Labour to be split by close margins.” Read at City A.M. ↗
Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.
Left1 outlet
- Framing
- Live-blog preview centred on the speech's "battle of ideas" over spending, with the funding of tax cuts and the expected inheritance tax announcement.
- Emphasis
- Speech extracts, the savings plan, the £15bn inheritance tax revenue and the day's agenda.
- Leaves out or plays down
- Does not mention Griffith's mansion tax and packaging tax pledges or Badenoch's hung parliament warning.
- Charged language
- “battle for the soul of this nation”
- For example
-
“a government spending ever more money, and a Conservative party determined to make the state live within its means” — The Guardian
Centre1 outlet
No centre outlet in our sources has covered this story yet.
Right1 outlet
- Framing
- Presents Badenoch as pitching a "credible alternative" to Labour with multiple tax cuts aimed at the middle class and the young.
- Emphasis
- Details of the national insurance pledge, Badenoch's fiscal responsibility line and Labour's tax rises.
- Leaves out or plays down
- Does not mention the savings plan or the Conservatives' wider spending cuts.
- Charged language
- “credible alternative”“destroying the future of our young people”
- For example
-
“We are the only credible alternative to Labour.” — City A.M.
What every side reports
- Badenoch is expected to announce inheritance tax cuts in her Wednesday conference speech.
- The Conservatives announced a £2.3bn cut to employer national insurance for young people.
- The party has not officially confirmed the inheritance tax announcement.
Where accounts differ
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Whether the inheritance tax announcement is settled
- Left
- The Guardian says the party has not confirmed it but has done nothing to quash speculation, making a speech without it hard to imagine.
- Right
- City A.M. cites a policy-planning source promising several tax cuts, while a party spokesman calls the reports speculation.
Kemi Badenoch person
Says inheritance tax is a problem for the middle class and that tax cuts must be affordable and encourage work. She frames the next election as a battle of ideas over spending.
“we are the party of fiscal responsibility. So we’re starting with the savings.” — City A.M.
“That spending money we don’t have on things we can’t afford is not kind, it is reckless.” — The Guardian
Conservative Party party
Has announced a youth national insurance cut and plans a savings plan to fund tax cuts. It describes reports of further cuts as speculation.
“A party spokesman said reports on unannounced tax cuts represented “speculation”.” — City A.M.
Inheritance tax topic
Presented as a likely target of tax cuts, with a projected £15bn annual yield, and criticised by Badenoch as hitting the middle class.
“IHT is set to raise £15bn a year for the Treasury by the end of the decade” — The Guardian
Left1 article
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Neutral Live-blog preview stressing the unconfirmed inheritance tax cut, the funding question and the speech's confrontational theme.
Centre1 article
Right1 article
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Badenoch to offer tax cuts as Tories pitch ‘credible alternative’ to Labour
Neutral Pre-speech report on expected tax cuts, relaying Badenoch's fiscal-responsibility message and Conservative attacks on Labour.
- 6 Oct 17:00 First City A.M.RC Badenoch to offer tax cuts as Tories pitch ‘credible alternative’ to Labour
- 7 Oct 08:00 +15h 1m The GuardianLC Badenoch to announce plan to cut inheritance tax and claim UK faces ‘battle of ideas’ over spending – UK politics live
- 7 Oct 08:06 +15h 7m Evening StandardN Kemi Badenoch to end 'tax grab' on London in full-blown battle against Labour Government
Times are when each article was published, or when we first saw it if the outlet gave no time.