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May warns of 'difficult times' for UK economy

She voiced optimism about the health of Britain's economy but warned that there could be tough times ahead. Photograph: (Getty)

WION London, United Kingdom Sep 04, 2016, 10.46 AM (IST)
British Prime Minister Theresa May warned of possible "difficult times ahead" for Britain's economy as she arrived at the G20 summit of world leaders in China on Saturday. 

She said there may be difficult times ahead, but also voiced her optimism about Britain’s health.

"I'm not going to pretend that it's all going to be plain sailing," she said. "I think we must be prepared for the fact that there may be some difficult times ahead. But what I am is optimistic."

May also confirmed Downing Street briefings that she is not intending to call a general election soon.

"I'm not going to be calling a snap election," May said. 

She added, "I've been very clear that I think we need that period of time, that stability, to be able to deal with the issues that the country is facing and have that election in 2020."

May is meeting world leaders including US President Barack Obama and China's Xi Jinping at the G20 summit in China.

She had been hoping to pitch the UK as a global leader in free trade during her first major outing on the world stage at the G20 summit.

But, she was faced with a difficult start. 

President Barack Obama said the UK would not be the priority for a US trade deal and Japan issued an unprecedented 15-page warning about the consequences of Brexit.

(WION with inputs from agencies)
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