George Osborne should spread the pain of tough public spending cuts beyond the next two years, according to the OECD in a critique of the chancellor’s debt consolidation strategy.
The Paris-based thinktank said in its latest economic forecast that delaying some of the severe cuts planned by Osborne for the financial years 2015-16 and 2016-17 would “lower the impact on growth”.
The report, which downgraded the UK’s growth forecast and predicted a muted global recovery this year and next, follows an in-depth examination by the International Monetary Fund (IMF) that took an even stronger stance, arguing that countries
such as Britain should abandon debt reduction as a key target.
Which of the following is true about the OECD report?
(A)George Osborne should cut the pain of tough public spending.
(B)Delaying spending cuts would benefit the growth in some way.
(C)The UK’s growth would recover from weak world economy.
(D)Britain should abandon stronger stance to focus on key aim.
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