The Golden Economic Rule
Britain is spending more than it earns. That has to stop.
The Conservatives have a clear rule for how savings will be used. For every pound saved by cutting waste, at least half goes to reducing the national debt. The rest funds tax cuts that help working people and businesses.
The goal is simple. Live within our means. Stop burdening the next generation with debt run up today.
The party has identified £47 billion of savings to put this into practice.
The biggest saving is £23 billion from reforming sickness and disability benefits and restricting welfare to UK citizens. Cutting the Civil Service back to 2016 levels saves £8 billion. Reducing overseas aid to 0.1% of national income saves £7 billion. Ending asylum hotels saves £3.5 billion. Scrapping non-nuclear net zero subsidies saves a further £1.6 billion.
Those savings fund real change. Stamp Duty abolished for people buying their home. Full business rates relief for 250,000 high street firms. And defence spending rising to 3% of GDP.
Lower borrowing costs. Lower taxes. A government that pays its way.
That is what the rule is designed to deliver.