Shadow chancellor to unveil Tory plans to cut taxes and regulations
BBC News 2026-10-05 07:25:27
Context: Conservative shadow chancellor Andrew Griffith is set to unveil plans to cut taxes, regulations, and house-building costs at the party's conference in Birmingham. The proposals aim to boost economic growth, reduce food costs, and support infrastructure development, including the expansion of Heathrow Airport. Griffith's speech is part of the Conservatives' efforts to rebuild and convince voters that they can be trusted again after their historic defeat in the 2024 general election.
Key Facts
- Conservative shadow chancellor Andrew Griffith plans to outline a "most ambitious deregulation project in a generation" to cut taxes, red tape, and house-building costs.
- The proposed policies include abolishing Natural England and the Environment Agency, replacing section 106 agreements and the Community Infrastructure Levy with a single levy for developers, and scrapping the Extended Packaging Responsibility scheme.
- Griffith's plans aim to cut the cost of delivering a new home by up to £50,000, which could save money for buyers, and reduce food costs by lifting a "burden" from businesses.
- The Conservative party has pledged to support the expansion of Heathrow Airport, with Griffith stating that they will do "whatever it takes to end the delays and boost capacity by backing the third runway".