Britain's Treasury chief is set to warn Thursday of a "dangerous cocktail" of new threats to the economy, insisting that the country is not immune to troubles from abroad.
George Osborne will use a speech to underscore his fears about what he described as "creeping complacency" in the debate about the national economy.
In remarks released in advance, he cites a drop in global stock markets and commodity prices, as well as the slowdown in China among the issues buffeting the world economy.
"Last year was the worst for global growth since the crash and this year opens with a dangerous cocktail of new threats," Osborne said.
"For Britain, the only antidote to that is confronting complacency and sticking to the course we've charted."