Osborne knows job not done, Treasury says after S&P warning

LONDON (Reuters) - Chancellor George Osborne knows there is still work to do to bring the record budget deficit down, a Treasury spokesman said on Monday after ratings agency Standard and Poor's maintained the country's negative outlook.

"The Chancellor is very clear the job is not done. The Budget set out an ambitious plan to accelerate the reduction in the deficit, alongside the measures necessary to deliver it, and the next step will be to set out individual departmental spending totals in the Spending Review on 20 October," the spokesman said.

(Reporting by Sumeet Desai)