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
Five-year-old Isis was told she could not have her name printed on a personalised Nutella jar as it may be "viewed as inappropriate".
A school has cancelled its upcoming winter dance due to concerns over "dirty dancing."
Ex-Dragon's Den star Doug Richard has pleaded not guilty to a string of child sex charges after appearing before the Old Bailey.