Badenoch to set out new rule to cut borrowing and taxes

Conservative leader Kemi Badenoch plans to introduce a new economic "golden rule" to reduce government borrowing and taxes, with half of savings from a future Conservative government dedicated to shrinking the deficit and the other half going towards economic growth policies like tax cuts. Badenoch aims to highlight Conservative fiscal responsibility versus Labour's alleged financial risks, with the Tories pledging £47bn in yearly savings through cuts to welfare, civil service, and foreign aid. This move is part of the party's strategy to rebuild its economic credibility and distance itself from past controversies, including former Prime Minister Liz Truss's tax-cutting policies.