Theresa May has welcomed signs that the economic reaction to Brexit has been better than anticipated, but cautioned against over optimism.
Speaking to reporters as she travelled to the G20 summit in China, the Prime Minister said: "We've seen figures giving some different messages in relation to the economy and I think the reaction of the economy has been better than some had predicted post the referendum.
"Now I'm not going to pretend it will be plain sailing. There'll be some difficult times ahead. Obviously we will be looking ahead to the Autumn Statement".
Chancellor Phillip Hammond is preparing a "fiscal reset" to respond to new Office for Budget Responsibility (OBR) deficit projections, expected to add tens of billions to forecast borrowing in the aftermath of the Brexit vote.
Mr Hammond will also be attending the meeting in Hangzhou, which the Chinese government hopes will see a coordinated effort to boost a flagging world economy.
The visit is Mrs May's first to China, and she met President Barack Obama, Russian President Vladimir Putin and the Chinese President Xi Jinping in bilateral meetings.
In a joint news conference with Mr Obama, the pair downplayed concerns that Britain becomes a lower trading priority for the US after Brexit.
The US has been negotiating a broad EU trade deal and said ahead of the Brexit vote that Britain would go to the back of a line for a two-country deal if it left the EU.
However, Mr Obama insisted he never said Britain would be punished.
"We're going to do everything we can to make sure that the consequences of the decision don't end up unravelling what is already a very strong and robust economic relationship that can become even stronger in the future," he said.
But he did say that it wouldn't make sense for America to lose focus on its European trade talks.
Meanwhile, Sky News has seen a document detailing Japan's attitude to Brexit.
The Japanese government document warns: "In light of the fact that a number of Japanese businesses, invited by the Government in some cases, have invested actively to the UK, which was seen to be a gateway to Europe, and have established value-chains across Europe, we strongly request that the UK will consider this fact seriously and respond in a responsible manner to minimise any harmful effects on these businesses."
Elsewhere, the meeting with President Xi comes at a particularly sensitive time after her administration delayed approval for a Chinese-funded nuclear power station at Hinkley Point.
Members of Mrs May's team had, before joining Downing Street, expressed public scepticism about the security implications of the nuclear deal and about former Chancellor George Osborne's strategy of being China's closest ally in the West.
But Mrs May pointedly endorsed the Chinese government's description of that relationship, saying "this is a golden era" before flying to the summit.
She said she would not be hurried on the deal, but a decision will be announced later this month.
"This is the way I operate. I don't just come in and say I just made a decision.
"I actually look at the evidence, take the advice and then consider that and come to my decision.
"I'll be talking to President Xi about whole range of issues. I'm not going to be taking the nuclear decision now. It will be taken later this month."
Mrs May will speak with world leaders from the 20 most important economies about the implications of Brexit for world growth and Britain's place in the world.
She suggested that there is a global backlash against free trade, and political leaders have to do more to ensure everyone feels its benefits.
"I want us to be a global leader in free trade, but we can't ignore that as we look at the G20, which is about global economies and growth, we can't ignore the fact that there is sentiment out there in a number of countries which is anti-globalisation," she said.
"We need to consider how we can make sure that when we put these free trade arrangements in place, they're actually going to benefit everybody."
Mrs May will also meet the Australian PM Malcolm Turnbull on the sidelines of the summit.
Australia has promised to share its experience in negotiated free trade deals, and to second experts to the new Department for International Trade.
Mrs May will also meet the Prime Minister of India Narendra Modi, and the Deputy Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud.
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