A spokesman for the Treasury has given the following statement regarding the Bank of England's quarterly report:
As the Chancellor and the Governor have both said, the economy is healing but the road ahead remains difficult.
The Bank of England forecast a sustained recovery in the coming period, and alongside the IMF, predict growth in 2013.
More top news
A grandmother says she was outraged after her grandson was segregated from his classmates by a cardboard screen - for being one minute late.
Leaked documents have revealed the first known picture of Mohammed Emwazi - named as IS militant Jihadi John - as a student in London.
With March just around the corner it's looking like this winter will be the sunniest on record (data goes back to 1929).