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Spain builds and grows: a lesson for the UK

As an alternative to treading water outside the EU, Britain might look to Spain, surging ahead inside it.

Unlike the UK, Spain has been enthusiastically building new high-speed rail lines, as the Times notes, and one effect is a mini-boom in Oviedo, regional capital of Asturias in the northwest.

Unlike the UK, Spain has flexible sources of labour for growing sectors of its economy, from within the EU as a result of free movement and from Latin America.

Unlike the UK, Spain has growth to brag about (3.2 per cent last year compared with 0.9 per cent for Britain).

It’s true Spain’s unemployment, at 11 per cent, is the EU’s highest and nearly three times higher than the UK’s.

True, too, that locals in Barcelona are increasingly fed up with tourism on which the economy depends.

Still, it may be time to try that train to Oviedo.


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