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Tories to pledge further cuts to foreign aid - as Stride to vow to 'stand up for fiscal responsibility'
The Tories will pledge to make even further cuts to the foreign aid budget, as the party attempts to regain its reputation for fiscal responsibility in the wake of the Truss mini-budget.
Shadow chancellor Sir Mel Stride will unveil plans to cut overseas development aid to 0.1% of Gross National Income (GNI), down from the current 0.3%, cementing a sea change in the Conservative Party's position on international aid. In his keynote speech to the party conference in Manchester, Sir Mel will claim that his plans can save £47bn over the next parliament, which include cuts to welfare, the civil service, and green subsidies.
In the wake of the Truss mini-budget that saw the pound fall and interest rates soar, the senior MP will say that his party will "never, ever make fiscal commitments without spelling out exactly how they will be paid for.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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