- Shadow chancellor Andrew Griffith is set to announce a comprehensive deregulation plan at the Conservative annual conference in Birmingham, aimed at boosting economic growth through tax cuts and reduced bureaucracy.
- The proposals include abolishing environmental bodies Natural England and the Environment Agency, scrapping net zero requirements for residential developments, and streamlining developer contribution fees to speed up planning approvals.
- The Conservatives claim that removing these planning and environmental regulations could lower the average price of a newly built property by approximately £50,000.
- Further economic commitments outline a pledge to support a third runway at Heathrow Airport, simplify the national tax code, and eventually phase out inheritance tax completely.
- Political opponents from Labour, the Liberal Democrats, and Reform UK dismissed the plan, criticising the party's economic track record and labelling the commitments as unfeasible fantasy pledges.
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