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The most recent figures show<\/a> that in August government borrowing stood at \u00a318.3bn. The government is paying \u00a38.8bn on its debt – the highest level since records began in 1997. <\/p>\n Badenoch said her party would reduce borrowing by finding \u00a370bn of savings, including through cuts to the welfare bill. <\/p>\n Under her party’s “golden economic rule”, half of the savings would go towards reducing the deficit. <\/p>\n “Cuts are never easy, but they are much easier to accept if what you are doing is fair,” she said.<\/p>\n “Fair to taxpayers, fair to future generations, and fair to those who really do need support.”<\/p>\n The Conservatives have recently announced they would scrap inheritance tax on family homes<\/a> and allow couples to leave \u00a31m tax-free. <\/p>\n The party has also pledged to scrap a rule that sees parents in England earning more than \u00a3100,000 a year lose out on childcare support<\/a>. <\/p>\n Asked if the Conservatives were the party for the rich, Badenoch told the BBC her policies would “help everyone”. <\/p>\n “Quite frankly, getting people off welfare is doing something for them… the best welfare is a well-paying job,” she said. <\/p>\n