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
Ahead of its roll-out in Manchester, some Universal Credit recipients describe feeling "trapped" as they wait weeks to receive benefits.
The trial of a soldier accused of trying to kill his wife with a sabotaged parachute has been shown video of how it could be done.
An ITV News investigation has uncovered the staggering scale of disruption caused by over-running roadworks across the country.