Badenoch urges Government to cut spending before Budget

Summarised from Independent Business's report · Updated 20 Oct, 01:02 · Archive

Conservative leader Kemi Badenoch will call on the Government to slash spending and reduce borrowing.

Kemi Badenoch will call on the Government to slash spending and reduce borrowing in a major speech ahead of the Budget. The Conservative leader will urge Chancellor John Healey to 'live within our means' by adopting cuts across Government and warn ministers to 'stop borrowing so much' to fund public works.

Badenoch will highlight Britain's borrowing costs, which have risen to levels higher than neighbouring European countries. She will cast doubt on the Government's deficit reduction plans despite praise from the International Monetary Fund for reducing the public spending deficit. Badenoch will describe the Government's planned cuts as 'fictional', arguing that Labour will not suddenly find 'courage to cut spending in the final year of a Parliament right before an election'. She will warn that Britain's gilt yields have risen to 6%, their highest level since 1998, meaning 'every pound we borrow is already costing us £2 in less than 12 years'.

Read the report

• Healey should adopt cuts at Budget to ‘live within our means’, Badenoch to sayThe Conservative leader will urged Andy Burnham and his Chancellor John Healey to ‘live within our means’, by adopting cuts across Government.Independent Business · 19 Oct, 22:00

In this story: Kemi Badenoch · John Healey · Conservative Party · Government · Labour Party

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