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
A confidential document seen by ITV News reveals the details of a deal between F1 and its regulator which could amount to bribery.
Three "suspicious mail packages" containing a "white powder" have been sent to political offices in Scotland, the Scottish Parliament says.
The Royal Marine known as 'Marine A' is to be released on Friday according to the Justice For Marine A campaign group.