Badenoch unveils ‘golden rule’ to use half of spending cuts to reduce deficit

Conservative leader Kemi Badenoch will close her party’s conference by unveiling plans for spending cuts, tax cuts and a curb on students attending university. Photograph: Christopher Thomond/The Guardian

Kemi Badenoch will unveil a “golden rule” to reduce government borrowing through spending cuts as she seeks to rebuild the Conservatives’ reputation for economic credibility.

In a speech at the Tory party conference on Wednesday, she will promise that at least half of all the money saved through spending cuts would be used to bring down the country’s deficit, with the remainder used for tax cuts and other measures aimed at economic growth.