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Morning Call: pick of the papers

The ten must-read pieces from this morning's newspapers.

New Statesman

1. George Osborne is stuck in a failed economic model, circa 1979 (Guardian)

Economic recovery demands we ditch the myth that private rather than state investment drives industrial innovation, says Seumas Milne.

2. Will Osborne stick to my five Budget rules? (Times) (£)

No is the answer, says Anatole Kaletsky. Cutting the top rate of tax will undermine the principle that sacrifice must be shared fairly.

3. Labour's tragedy is not its leader - it's the shadow Chancellor (Independent)

Matthew Norman says that were Yvette Cooper the opponent, Osborne would not risk this tax cut braggadocio.

4. Whatever the Chancellor says, Britain is not open for business (Daily Telegraph)

Tell foreign rivals that the Government is pursuing growth and they'll laugh in your face, says Willie Walsh.

5. To cut or not to cut - the advice of a 50 per centre (Financial Times)

Don't believe a 'crackdown' on tax avoidance will work, writes Martin Taylor.

6. It may look like a tax cut but it's just a trick (Times) (£)

The Chancellor has set his course and will stick to it, says Daniel Finkelstein. So don't be fooled -- any giveaways will have to be paid for.

7. Time for Mr Osborne to rise to the challenge (Independent)

Today's Budget is the Chancellor's last chance to be truly daring before the next election, says this leading article.

8. How to blow away China's gathering storm clouds (Financial Times)

A record of economic success does not guarantee a comparably successful future, says Martin Wolf.

9. Toulouse shooting: Will Sarkozy prove to be the leader the nation needs? (Daily Telegraph)

As France stops for a painful moment of soul-searching, the President is determined to show his strength, says Henry Samuel.

10. Libya still needs Britain (Daily Telegraph)

A year on from military intervention, we can help fight corruption with our institutional knowhow, says David Davis and Ibrahim El Mayet.