Shadow chancellor to unveil Tory plans to cut taxes and regulations
Conservative shadow chancellor Andrew Griffith is set to outline a comprehensive economic strategy focused on tax cuts, deregulation, and reducing house-building costs during the party conference in Birmingham. The proposed measures include abolishing environmental agencies, replacing developer funding agreements with a single levy, and supporting the expansion of Heathrow Airport with a third runway. These plans aim to rebuild voter trust following the party's 2024 election defeat, though critics from Reform UK and the Liberal Democrats have accused the Conservatives of copying policies and making unrealistic financial pledges.
- ▪Andrew Griffith plans to abolish Natural England and the Environment Agency, transferring their functions to the Department for Environment, Food and Rural Affairs.
- ▪The Conservatives propose replacing section 106 agreements and the Community Infrastructure Levy with a single developer levy to reduce construction delays and costs.
- ▪Griffith intends to back the construction of a third runway at Heathrow Airport to boost capacity and end existing delays.
- ▪The party aims to cut the cost of delivering a new home by up to £50,000 by ditching environmental and energy efficiency regulations.
- ▪Reform UK has accused the Conservatives of copying their policies, specifically noting that the Tories cannot match Reform's pledge to raise the tax-free personal allowance to £15,000.
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| Original publisher | BBC News — UK |
| Canonical URL | https://www.bbc.co.uk/news/articles/cqj9kje82jm1o?at_medium=RSS&at_campaign=rss |
| Publication time | Sun, 04 Oct 2026 21:35:30 GMT |
| Retrieval time | 2026-10-04T22:20:38.882Z |
| Last seen | 2026-10-04T22:20:38.882Z |
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| Cluster | niTdL-vj1T_y · 1 stories |
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Shadow chancellor to unveil Tory plans to cut taxes and regulationsImage source, PA MediaByRichard WheelerPolitical reporterPublished45 minutes agoConservative shadow chancellor Andrew Griffith is to outline his plans for the UK economy, including hopes to cut taxes, red tape and house-building costs.Griffith and his colleagues will use day two of the party's conference in Birmingham to also explain how they would want to reduce food costs, support Heathrow Airport expansion and abolish Natural England and the Environment Agency. Another prospective policy is replacing agreements designed to compel developers to fund community projects and services in areas they want to build.Griffith will describe his approach as the "most ambitious deregulation project in a generation".
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