Economy

Spain and the EU are prepared for all possibilities – including a hard Brexit – when it comes to the bloc’s relationship with Gibraltar, Spain’s foreign minister has said, adding that the ball was now in London’s court after 11 rounds of negotiations.“Spain doesn’t want a ‘no deal’ scenario,” the Spanish foreign minister, José Manuel Albares, told Europa Press. “The government of Spain and the EU, which is ultimately the signatory on the agreement with the UK, are ready for any scenario.”The Brexit withdrawal agreement, announced on Christmas Eve 2020,...

Netflix is expected to suffer a second year of falling subscriber numbers in the UK in 2023 as the cost of living crisis takes its toll and the streaming giant’s new cheaper, ad-supported service takes time to win over users.The world’s biggest streaming service is expected to have lost about 500,000 UK subscribers in 2022 and to lose a further 200,000 this year, as increasingly budget-conscious consumers cut back on spending.The company, which has cut staff and become more disciplined with its $17bn (£14bn) annual content budget after earlier this...