Conservative Party Floats Stamp Duty Scrapping Plan to Propel Southport Homeownership

Let’s get Southport and the Northern Parishes Moving! - Scrap Stamp Duty

The Conservative Party plan to abolish Stamp Duty for the family home could save homeowners

who want to move in Southport an average of £1,900.

The plan to cut stamp duty on the family home is opposed by the Labour Party, the Liberal 

Democrats and the Green Party. 

Stamp duty is a key blocker to purchasing homes for first time buyers and moving home which 

is why Kemi Badenoch and the Conservative Party announced plans to abolish it for the family 

home (primary residence). 

This will be fully funded by implementing a £47 billion Savings Plan.

Scrapping stamp duty will help young people to get a foot on the housing ladder, help young 

families to buy a bigger home if they want to grow their family and remove a key obstacle older 

people face when wanting to downsize.

Many homeowners in Southport and the Northern Parishes are put off from moving because of the stamp duty they will have to pay. Scrapping this pernicious tax will remove one of the barriers to moving up the property ladder that many families across the area face.

In comparison to the Conservative plan, Rachel Reeves is widely expected to increase the cost 

of owning a home at the Budget. This could include the creation of a new property tax on 

homes over £500,000 as well as increases to Council Tax, this could impact thousands of homeowners across Southport and the Northern Parishes.

The Conservatives announcement is part of their fully costed plan to deliver a stronger 

economy for the country. 

Commenting following the vote, Sir Mel Stride MP, Shadow Chancellor, said:

“Stamp Duty is an un-Conservative tax. It punishes those who want to work hard and get on in life, forcing those with ambition to pay a penalty for aiming high.”

“It is shameful Labour MPs backed by the Lib Dems failed to vote in favour of controlling public 

spending and abolishing this dreadful tax for families who want to move home and put down 

roots in their communities.”

“By freeing up our housing market, allowing workers to move jobs and families to grow, we can build a fairer society and a stronger economy.”

“Rachel Reeves’ economic mismanagement is making ordinary people suffer. Labour MPs 

should have joined us yesterday in demanding she controls spending and scraps stamp duty so we can get Britain growing again.”

Commenting Mike Prendergast, spokesperson for Southport Conservatives said:

“The Conservative Party’s plan to scrap Stamp Duty for the family home is a moral good, and 

an economic good.”

“Our plans will remove barriers on homeownership and aspiration, and give families across Southport and the Northern Parishes the 

freedom to move, grow, or downsize their homes.”

“The money paid in stamp duty, could be used by those moving home for home repairs and improvements, helping local businesses and trades. It would be a huge boost to the local economy.”

“This is part of the Conservatives Party, under Kemi Badenoch’s leadership, commitment to 

delivering a stronger economy.”