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
Some showers in the north will be enough to produce hail and thunder but it should be a drier and brighter day in the south and east.
Leonie Granger deliberately targeted Mehmet Hassan, who was robbed and kicked to death by two men she let into his flat.
Pop and soul singer Sam Smith has cancelled the rest of his Australian tour after doctors discovered a haemorrhage on his vocal cords.