A warning by ratings agency Fitch that it may cut the UK's AAA credit rating in the coming weeks shows how deep the country's economic problems are, a Treasury spokesman said.
"This serves to underline that there are no easy answers to problems built up over many years.
"But we are, slowly but surely, fixing our country's economic problems," the Treasury spokesman said.
"As the Chancellor said at the Budget: it's taking longer than anyone hoped, but we're on the right track," he said in a statement after Fitch's announcement.
More top news
French mayors have been told they must not ban the 'Burkini' in their towns as a court ruling suspends the ban.
The audit aims to show how people's backgrounds can affect their health, education and employment.
A construction worker was crushed when a platform collapsed on them while the set was being dismantled.