The Tories must emerge from the long shadow of Liz Truss's time in office and return to being the party of 'stability and fiscal security' if it is to stand any chance of regaining power, the shadow chancellor will warn today.
Mel Stride will use a speech today to say a 'bold rewiring' of the economy is needed as part of Tory efforts to 'regain trust' following the fallout from the 2022 mini-budget.
He is expected to promise the Conservatives will 'never again' make offers they cannot afford as the party seeks to forge a 'credible' financial plan for the future.
Taking aim at both Labour and Reform UK, the Tory frontbencher will accuse Chancellor Rachel Reeves of 'fiddling the figures' by changing her definition of national debt, and warn that 'populism is not the answer'.
Ahead of the Chancellor's spending review next week, her opposite number will accuse her of 'abandoning' financial responsibility.
