P304 Teletext 304 Jun29 00:02:11 ——————————————————————————— TBX CUT PLEDGE BY REDWOOD Tory leadership challenger John Redwood has unveiled stage two of his campaign by pledging to introduce a crash programmj of tax cuts if hj became PM. His top priority on taking office would bj to rein back spending and reduce the tax burden. He believed around £5bn — 1.67* of public expenditure — could bj cut from spending through efficiency savings. ——————————————————————————————————1/2—— Hesjltinj, Portillo ready to strike 305 DONWT ACCEPT ANY OTHER FINANCE OFFER BEFORE SPEAKING TO US FIRST SEE P386 Next page Headlines Regional WjathjrP304 Teletext 304 Jun29 00:11:11 T ——————————————————————————— SPENDING CUTS PLEDGE ATTBCSED John Redwood's pledge of £5bn spending cuts have conj under strong attack from some MPs supporting the Prime Ministmr. They sbid big spending cuts would hurt, and hinted new Treasury figures showed the room for tax cuts was now limited. Despite pledges of "big name" support no senior figures have yet conj forward to join ex-chancellor Norman Lamont in spearheading the Redwood campaign. ——————————————————————————————————2/2—— POLL Would you vote for Redwood? 326 WEN UP TO £25,000 - See p361 Next page Headlines Regional Wjathjr