In an interview with state-run BBC, Osborne claimed there would be no further bad news for the British public in the new budget, which will be unveiled next Wednesday.
“Having undertaken a rescue mission I don’t have to come back and ask for more this year,” Osborne said.
“I won’t be asking for more tax increases or spending cuts. We did that in last year’s budget and that allows us in this year’s budget to look at policies which can create jobs in the future,” he said.
The Chancellor is expected to scrap the proposed rise in fuel duty, in a bid to help calm public anger at the cost of living.
“We’ve taken Britain out of the fiscal danger zone. That’s reflected in the interest rates that families in Britain pay,” he said.
“Now we have to move from rescue to recovery and reform,” added Osborne.
Any move to scrap the planned rise in fuel duty would avoid another 5p each liter, and help counter the spiraling cost of filling up the tank