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Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 24 hours. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Two Swedes jailed for life for Philippine Internet porn 9:04am EDT Earthquake fever hits Rome as some fear "the big one" 8:38am EDT Woody Allen comedy delights at Cannes opening | 10:34am EDT Man jumps to death off world's tallest tower in Dubai 10 May 2011 Facebook may have leaked your personal information: Symantec 12:46am EDT Discussed 144 Obama at U.S. base to pay tribute to bin Laden mission 124 Boehner demands trillion-dollar cuts in debt deal 97 Son says bin Laden sea burial demeans family: report Watched Exquisite chocolate source rediscovered through DNA testing Tue, May 10 2011 U.S. and China find common ground on currency Tue, May 10 2011 Japan refugees make brief trip home Tue, May 10 2011 Osborne says British recovery choppy, coalition solid Tweet Share this By Matt Falloon LONDON (Reuters) - Britain's road to economic recovery will be rocky but the coalition government is as committed as ever to slashing a record budget deficit, finance minister George Osborne said on Wednesday. Osborne, speaking to... Email Print Related News UK's Osborne-Britain's recovery will be choppy 9:47am EDT Battle lines harden in budget talks Tue, May 10 2011 Greece denies may quit euro Fri, May 6 2011 Britons punish Lib Dems for coalition role Fri, May 6 2011 Democrats, Republicans edge closer on debt deal Thu, May 5 2011 Analysis & Opinion David Brooks and the mendacity of comfort More debt and inflation will not create economic prosperity Related Topics World » A man walks past the Houses of Parliament in London, May 10, 2011. Credit: Reuters/Suzanne Plunkett By Matt Falloon LONDON | Wed May 11, 2011 11:35am EDT LONDON (Reuters) - Britain's road to economic recovery will be rocky but the coalition government is as committed as ever to slashing a record budget deficit, finance minister George Osborne said on Wednesday. Osborne, speaking to business leaders in London, said the government was on track to all but eliminate a deficit running at close to 10 percent of national output over four years and did not see the need to further hike taxes or cut spending. The Bank of England said on Wednesday its near-term outlook for growth had worsened since February [ID:nLDE74A136]. Data published last month showed the economy effectively stood still in the six months spanning the turn of the year. "The recovery will be choppy," Osborne told an audience of business leaders in London. "High commodity prices, the earthquakes in Japan and uncertainty in the euro zone are all weighing down on growth across the world." Critics, including the opposition Labour party, have warned that the coalition government's harsh austerity measures risk derailing Britain's fragile recovery, especially given the likelihood that interest rates will rise later this year. "Reducing the deficit is not in and of itself a guarantor of economic success," Labour finance spokesman Ed Balls said, warning that Britain may have to follow other European states in unleashing further austerity measures if growth remains weak. Poor local election results for the junior government partner, the Liberal Democrats, and the party's defeat in a referendum on changing the electoral system have also raised concerns that strains within the coalition could hamper the deficit plan. Osborne said the government was determined to push on with its program of spending cuts and tax hikes. "We in this government, Conservatives and Liberal Democrats, are as united today in our mission to reduce Britain's deficit as we have ever been. "The coalition is going to last the course. There has been a very clear reaffirmation of that in recent days," he said, though the task would not be easy. "For every line item of public spending, there will be a union defending it." Political analysts say the coalition is likely to survive until the next election in 2015, but argue that both parties can expect to face the wrath of voters if the economy fails to bloom under the government's austerity plan. "In the end the proof will be in the pudding for us, politically," Osborne said. (Reporting by Matt Falloon; Editing by Toby Chopra, John Stonestreet) World Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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