内容摘要："The opportunity for the museum named after her to acquire this important work is precious and should be supported."

"The opportunity for the museum named after her to acquire this important work is precious and should be supported."

The think tank has cut forecasts globally due to trade tensions, but said the UK faced particular issues due to its "very thin" buffer in public finances, calling on Chancellor Rachel Reeves to boost tax take and cut spending.In response to the OECD's comments, Reeves said she was "determined to go further and faster to put more money in people's pockets through our plan for change".

Next week, Reeves will set out her Spending Review where she faces tough choices on allocating departmental budgets.The government has already committed billions of pounds to defence, while the NHS is also expected to be a focus amid Labour's pledge to reduce waiting lists.In March, Reeves was forced to announce £14bn in measures, including £4.8bn in welfare cuts, to restore headroom against her self-imposed fiscal rules.

While the OECD highlighted better-than-expected UK economic growth, which strengthened to 0.7% between January and March, it cautioned that "momentum is weakening" due to "deteriorating" business sentiment.It forecast the UK economy would expand by 1% in 2026, compared to the 1.2% it pencilled in a few months ago.

"The state of the public finances is a significant downside risk to the outlook if the fiscal rules are to be met," the OECD said.

It suggested that Reeves should adopt a "balanced approach" of "targeted spending cuts" and tax increases to improve the UK's public finances.Under the trade truce struck in May at a meeting in Geneva, the US lowered tariffs imposed on goods from China from 145% to 30%. China's retaliatory tariffs on US goods dropped from 125% to 10%.

On Monday, Beijing said US violations of the agreement included stopping sales of computer chip design software to Chinese companies, warning against using chips made by Chinese tech giant Huawei, and cancelling visas for Chinese students.The deal reached in Geneva came as a surprise to many analysts as it seemed that the two sides were incredibly far apart on many trade issues.

This showed that during face-to-face talks Washington and Beijing can reach agreements.But as the rhetoric is once again ratcheting up, the fragility of the current truce has been highlighted and gives an indication of just how challenging it may be to reach a longer-term trade deal.