Badenoch due to promise cut to 40% inheritance tax rate at Tory conference

Conservative leader Kemi Badenoch was due to promise a cut to the 40% inheritance tax rate in her closing speech to the party conference on 7 October 2026. The pledge, reported by The Times via the BBC, was billed as part of a 'battle of ideas' over spending, following Labour's move to levy the tax on family farms.