He insisted that the Coalition's long term strategy for Britain's economic recovery is working and pointed to the latest forecasts to back up his claim.
Mr Osborne pointed to the latest job figures, released this morning, showing a record number of people in work, according to the ONS.

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In the final Budget before the General Election, Mr Osborne said the economy was in a stronger position than many other leading nations around Europe and the world.
He said that "Britain is walking tall again" following difficult decisions taken by the Coalition and stressed that the UK's "collapse was greater than almost any country".
At the Autumn Statement the OBR forecasts for growth for 2015 was 2.4% - and this is now up to 2.5%, he said. Growth for next year is predicted to be 2.3%.
He said it had been a "truly national recovery".
The UK economy is fundamentally stronger than five years ago, he said, adding it has grown 50% faster than Germany and three times faster than the Eurozone.
He said the deficit was down more than a half as a share of national income, whereas it had been out of control before the Coalition came to power.
He said: "Our goal is for Britain to become the most prosperous major economy in the world."
He insisted it was crucial to stay on the same course for the UK's future prosperity.
He said: "The critical choice facing the country now is this: do we return to the chaos of the past? Or do we say to the British people, let's work through the plan that is delivering for you?
"Today we make that critical choice: we choose the future. We have a plan that is working - and this is a Budget that works for you."
Taken together, all the new measures against tax avoidance and evasion will raise £3.1 billion over the forecast period, he told the Commons.
He said he was asking banking sector to contribute more and the rate of the bank levy will be raised to 0.21 per cent to raise an additional £900 million a year.
The Budget commits to the Government's decision to get national debt share falling and the deficit down, he said.
The Budget backs savers, pensioners, the small business owner and home buyers and "hard working people keep more of the money they've earned", he added.
A Greek exit from the Eurozone could be a huge risk to the global economy, he told MPs.