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    report from the o.e.c.d.

    Economic recoveries tend to be feeble after financial crises," Pier Carlo Padoan, chief economist at the influential think-tank, wrote in Prospect magazine. "This is certainly the case in Britain."
    While he saw the Government's planned spending cuts - £81bn over four years - as "appropriate", he said more could be done to improve the UK's prospects.
    The Government could avoid some of the cuts, which slow growth, by ending VAT discounts and exemptions on items and services such as food, transport and domestic fuel, Mr Padoan suggested.
    It should offer extra financial support to poorer households and tackle high youth and long-term unemployment through better access to good training. Mr Padoan also advocated further rises in the retirement age and said council tax and stamp duty should be abolished in favour of a tax better tied to property values.

    The Chancellor is likely to face renewed calls for stimulus measures when the UK's growth figure for the second quarter is published on Tuesday. Economists' predictions are gloomy, with many expecting it to be close to zero, possibly negative.

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