George Osborne won praise yesterday for his stewardship of the British economy from the Organisation for Economic Cooperation and Development (OECD).

Angel Gurria, the head of the economic forum said the Chancellor deserved a "pat on the back" and urged him to "finish the job".

Britain's 2.6 per cent growth rate last year was the highest in the G7 and the FTSE 100 closed at a record high yesterday, finishing the day at 6949.63 points – above its previous high of 6,930 on 30 December 1999.

Conservative ministers were happy bunnies yesterday, as their much-trumpeted “long-term economic plan” got the thumbs up from the OECD think-tank.

But the Tories cannot afford to crow. There is growing evidence that Britain’s economic recovery will not be enjoyed by all.

  • Andrew Grice, the Independent's political editor
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