Spain eyes UK pain caused by the break with Europe

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A report from Spain’s national broadcaster – RTVE – has found that Brexit has been ‘bad business’ for the UK.

Economics professor at Bristol University, Albert Sánchez Graells told them on the anniversary of the break with the European bloc: “The British have clearly come out of this worse off.”

Their interview was published on the same day this week that the International Monetary Fund (IMF) reported that the UK is expected to be the only major economy to shrink in 2023.

According to the IMF, the British economy will contract by 0.6% in 2023 and perform worse than other advanced countries, including Russia.

RTVE noted that ‘despite the promises of a more prosperous country outside of the EU, the balance of two years of Brexit appears to be full of shadows’, with an economy ‘that is not recovering’ and ‘political chaos’ affecting government.

Full report in Friday’s Costa Blanca News

Read more in this week’s print edition or go to e-paper

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