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The State of It

The State of It

Kemi Badenoch bets the house on the economy

Oct 7, 2026 · 32m

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About this episode

Kemi Badenoch's attack on Reform UK was all about character and her attack on Labour was all about economics. In her speech at the Conservative Party conference in Birmingham, she said she would to scrap inheritance tax on family homes and that under a Conservative government, couples would be able to leave an extra £1m inheritance tax free to their children. Badenoch was withering about Nigel Farage and Reform UK, saying: "The circus goes on and on and it will never stop because this is who Reform are — so to those who say ‘unite the right’, we are not uniting with that.” We look at the Conservatives' electoral strategy, their prospects — especially compared with a year ago — and the vibes…