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Story summary
- Conservative leader Kemi Badenoch will urge PM Andy Burnham and Chancellor John Healey to cut spending in Tuesday’s speech.
- She proposes £70 billion of cuts targeting welfare, civil service jobs and foreign aid.
- Badenoch warned gilt yields have risen to 6%, the highest since 1998, increasing borrowing costs.
- Former Bank of England (BoE) chief economist Andy Haldane said the upcoming Budget will likely need borrowing and tax hikes.
