The Government said a top credit rating agency's latest forecast on the UK economy showed the Coalition was on the right track with plans to cut the deficit.
Standard & Poor's said Britain's cherished AAA long-term credit rating will stay for now, but warned there was a chance of a downgrade.
The Treasury said:
In today's reaffirmation of our credit rating, Standard & Poor's stress the government's commitment to continued fiscal consolidation.
They specifically say that a downgrade could be prompted by a change in the government's 'willingness and ability to implement its ambitious fiscal strategy'.
This serves as a reminder that our country cannot afford to simply run away from our problems.
More top news
An inquest has heard Charlie Jermyn died just 30 hours after he was born because he was not given the right antibiotics.
A British traveller was kicked out of Thailand by border officers after using pages of her passport as toilet paper when she was drunk.
Liverpool's owners have performed a U-turn on proposed ticket increases following a mass walkout of fans at weekend's Premier League match.