The Conservative Party has undertaken to introduce tax cuts of 4bn in its first Budget, should it win the General Election.
Shadow chancellor Oliver Letwin committed his party making the cuts a month after the election.
Yesterday, the party announced that review led by business troubleshooter David James had identified possible savings of 35bn from "wasteful" public spending, which it would redirect towards frontline services, reducing borrowing or cutting taxes.
The cuts would involve the abolition of 168 public bodies including the Small Business Service, and the loss of 235,000 civil servants' jobs.
Party leader Michael Howard argued today that "low tax economies are the most successful economies".
Letwin said a Conservative government would increase spending on the NHS, schools and transpor...