Osborne: Economy 'Leaving Intensive Care' Chancellor George Osborne will claim the British economy is "moving from rescue to recovery" as he unveils his fresh round of spending cuts for Whitehall. Mr Osborne will deliver his spending review on Wednesday, setting out £11.5bn of cuts in Government departments in the year after the next general election. Alongside the cuts the Chancellor will announce plans for an infrastructure plan to "power Britain back into the economic premier league," using savings to invest in roads, railways, education and science. Final details of the spending review are still being worked out, with reports suggesting some ministries, including Vince Cable's Business Department, are yet to agree their settlements. Mr Osborne is expected to tell MPs on Wednesday: "Britain is moving from rescue to recovery. But while the British economy is leaving intensive care; now we need to secure that recovery. Full recovery won't be easy but I won't let up in my determination to put right what went so badly wrong. We are already making progress: the economy is growing, more than a million new jobs have been created by British businesses and the amount the government has to borrow each year - the deficit - is down by one third. But there's more we have to do - it's time for the next stage of our economic plan. Ed Balls calls on Mr Osborne to pump money into the economy Mr Osborne has come under pressure to invest in capital projects in order to help the fragile recovery and he will give details of "a long term infrastructure plan." He will say: "We're saving money on welfare and waste to invest in the roads and railways, schooling and science our economy needs to succeed in the future. I know that times are still not easy for families. But we have a clear economic plan. We've stuck to it. It is working. And I'm determined to go on delivering it. Now, together, we're moving Britain from rescue to recovery let's build an economy that works for everyone. Shadow chancellor Ed Balls urged Mr Osborne to pump money into the economy now in order to reduce the need for cuts in two years' time. Writing in the Sunday Mirror, he said: "Instead of planning more cuts two years ahead, they should use this week's spending review to boost growth and living standards this year and next year. More growth now would bring in more tax revenues and mean our public services would not face such deep cuts in 2015. He said the Government should boost lending to businesses with a new British Investment Bank and reintroduce the 10p income tax band.