Three years after the UK formally exited the European Union, the International Monetary Fund (IMF) has released new economic forecasts for 2023 which project that the UK will be the only advanced economy to contract this year.

Probably not the anniversary present the government was hoping to offer the public.

Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year.

THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.

Stella Creasy compared governments claims of great Brexit benefits to “a toddler's imaginary friend. Ministers keep talking about them, but only they can see them”.

The UK economy will perform worse than any major economy this year, even worse than sanctions-hit Russia.

The impact of Brexit on people’s earnings could be ‘substantial’, say experts. / Millions of workers in Britain will be about £1,300 worse off a year due to Brexit, leading experts have said.

"The jury is in, the fat lady has sung, there is no debate anymore." / The UK is on track to be the worst-performing G7 economy this year – despite an upgrade from the International Monetary Fund.

LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.