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The
Institute for Fiscal Studies predicted Britain will only start
to lower public debt as a share of GDP at the end of the decade
due to a hit to the economy resulting from the country's
withdrawal from the European Union.
"The fundamentals of the UK economy are strong, we've seen our
deficit reduced by two thirds. We are determined to continue to
live within our means," she told the BBC during a trip to India
on Tuesday.
"What I have heard here from businesses is that they see the UK
as an attractive place to do business, an attractive place to
invest and they want us to develop that relationship so there is
more trade, that means more jobs, more investment in the UK."
Asked about the upcoming Brexit negotiations, May said she
expected tough talks.
"Negotiations on Brexit will be complex, and there will be
challenges ahead for us," she said.
"I am ambitious for the UK, I am optimistic but I am also
determined, determined that we are going to get the best deal
possible for the UK, determined to grasp the opportunites for
global Britain that leaving the European Union gives us."
Asked whether she expected a transitional deal after 2019 where
the UK continues to pay into EU budgets and has access to the
single market, she told Sky News: "All I'm focusing on is
preparing to trigger Article 50."
"I recognize that people want certainty, which is why I've
already said that they can be certain that EU law will be
brought into UK law at the point at which we leave, so that
everybody knows that at that point things like workers' rights
will be protected and will continue to be protected."
(Reporting by Kylie MacLellan, writing by William James, editing
by Guy Faulconbridge and Estelle Shirbon)
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