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.
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Leicester are Premier League champions after Tottenham conceded a two-goal lead in a bad-tempered 2-2 draw at Chelsea.
Football fans and players from all over the world savoured Leicester City Premier League triumph on Monday night.
Leicester City are Premier League champions after Tottenham Hotspur were held to a draw at Chelsea on Monday night.