Badenoch to unveil ‘golden rule’ for economy as she attempts to win back Tory credibility destroyed by Truss
Badenoch pledges tax cuts to boost Tory credibility on economy
- Kemi Badenoch unveiled a "golden rule" for the economy during her speech at the Conservative Party conference in Manchester.
- Under this proposed rule, half of all money saved from government cuts would be allocated to reducing the national deficit.
- The remaining half of the savings would be used for either increased spending or tax reductions, aimed at boosting economic growth.
- Ms Badenoch said the plan was crucial for restoring the Conservatives' economic credibility and criticised Labour's fiscal policies as unsustainable.
- A Labour Party spokesperson dismissed the announcement, saying the Conservatives had failed to apologise for previous economic instability.