Alistair Darling says "the right calls were made" over the Government's handling of the recession and financial crisis.
The Chancellor has made a slight reduction in his optimistic growth forecasts for the coming years, after revising 2009’s severe economic contraction up from 4.7% to 5%.
Darling believes the UK economic recovery is broadly on track and expects to see 1% to 1.5% growth in 2010 and an average of between 3% and 3.5% in 2011. The latest forecast is in line with predictions from the Bank of England.
The Chancellor had previously predicted growth would hit at least 3.5% next year.
He also re-emphasised his commitment to halve the deficit within four years.
