Cost of new-build homes set to be cut by £50k under proposed Tory plan to boost growth

Comment now Next PRICES of new-build homes will be slashed by up to £50,000 through a proposed Tory war on red tape. Shadow Chancellor Andrew Griffith is vowing a blitz on bureaucracy and Net Zero regulations to halt low growth. Shadow Chancellor Andrew Griffith is vowing a blitz on bureaucracy and Net Zero regulations to halt low growth Credit: Simon Jones Prices of new-build homes will be slashed by up to £50,000 through a proposed Tory war on red tape Credit: Getty Advertisement Proposals also include backing a third Heathrow runway and scrapping a £1.5billion grocery packaging tax to ease the cost of the weekly shop. Mr Griffith said yesterday: “No one else is coming to save our economy. Only we can inject reality, tell the hard truths and make this a country we are proud to hand on to the next generation.” Sign up for the Politics newsletter Thank you! Email address Please provide a valid email. Your info will be used in accordance with our Privacy Policy You'll now receive top stories, breaking news, and more, straight to your email. The £50,000 price cut for new builds will partly come from scrapping rules such as the Future Homes Standard on reducing carbon emissions . They make developers include low-carbon technology, such as heat pumps or district heat networks. Read More on Politics ON ME THREAD Tories' spoof version of Bayeux Tapestry honours Sun scoops as it mocks Labour BITTER, KEIR? Starmer drowns sorrows & Reeves laughs with vaping aides as they hit pub But Tory Party officials say this has been shown to increase the cost of building a detached home by more than £30,000. It comes on top of leader Kemi Badenoch’s decision to abolish stamp duty on buyers’ main homes. The Tories will also axe the Extended Producer Responsibility — or grocery tax — that forces manufacturers to pay for the costs of collecting and recycling packaging waste. Labour’s new workers’ rights laws, which are set to cost businesses £1billion a year, will also be repealed by the Tories. Advertisement Most read in The Sun PAWFECT GIFTS Beauty brand launches luxury dog range from £40 perfume to £80 wellness pack 'COWARD' 'Petrified' Deliveroo rapist refuses to leave his cell over fears of reprisals VISA PLEA Mahmood says foreign worker visas are being requested each week to plug shortages THE SUN SAYS Kemi needs to make voters like the party as they take on issues worrying them Mr Griffith, who will address the party faithful today in Birmingham, said: “Cheaper homes, lower taxes, and less red tape. This will be the most ambitious deregulation project in a generation.” However Robert Jenrick , Reform UK’s Treasury spokesman, said: “The Tories are once again copying our policies. “But they cannot raise the tax-free personal allowance to £15,000 because they refuse to cut migrant welfare, Net Zero subsidies and the ballooning benefits bill.” Comment now