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Davis promises £1,200 tax cuts

Conservative leadership challenger David Davis today promised to cut taxes by the equivalent of £1,200 a year for the average family if he becomes Prime Minister.
In a bold move designed to restore momentum to his bid to succeed Michael Howard, Mr Davis proposed a £38 billion cut in the nation's tax bill over the course of the next Government, but insisted it could be achieved without cutting public services.

In a side-swipe at his rival David Cameron, he warned Tories they would make 'the gravest mistake' if they sought to ape New Labour just at the point when public opinion was turning against its tax-and-spend policies.