The Conservative Party leader Kemi Badenoch will address her party conference in Manchester this morning, promising cuts in public expenditure if her party is returned to power.
However, this year's conference comes at a time when the Tory party is placed third in opinion polls, after losing significant support to the Nigel Farage-led party, Reform UK.
Polling this week from YouGov also indicates that half of Conservative party members, 50%, want Ms Badenoch replaced as leader of the party by the next general election.
In her speech to conference, Ms Badenoch will stress that her party is one that engages in fiscal responsibility.
She will promise a new "golden rule" for the economy, which means for every pound her government cuts from public expenditure, at least half will be put towards cutting the UK's deficit.
"Under our 'golden rule' - half of those savings will go towards reducing Labour’s deficit.
"And with the rest, we are going to get our economy growing.
"That’s the Conservative way," she'll tell members.
The policy announcement is also part of an effort to differentiate the Conservatives from Reform UK, which senior Tories argue is engaged in "fantasy economics".
However, many Conservatives also acknowledge that the party has struggled to overcome reputational damage caused by the fallout from the mini-budget announced by former prime minister Liz Truss.
This year's Conservative party conference has made headlines for its low attendance numbers, with images of empty seats in the auditorium during speeches from Shadow Cabinet members.
Ahead of his speech yesterday, the party's Shadow Justice Secretary Robert Jenrick sparked controversy after a he was heard complaining that he "didn't see another white face" during a 90-minute visit to an area of Birmingham.
The recording was obtained by the Guardian.
Mr Jenrick has defended his comments, insisting he "won't shy away" from issues of integration.
However, a former Tory mayor of the Birmingham, Andy Street, said Mr Jenrick was wrong.
In his speech yesterday, Mr Jenrick also criticised the British Attorney General Richard Hermer for representing former Sinn Féin leader Gerry Adams in a court case before entering government.
