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
Zayn Malik has spoken for the first time since quitting 1D saying he was upset to let fans down but that it wasn't "real" to him anymore
Coronation Street actress Samia Ghadie has announced she is expecting her first child with ice dancer Sylvain Longchambon.
Patrick Berger has moved quickly to deny reports he was supposed to be on the tragic Germanwings flight from Barcelona to Dusseldorf.