Brazil overtakes Britain to become seventh-largest economy in the world - by Rob Cooper

Brazil's economy has overtaken Britain's for the first time to become the seventh largest in the world, figures have revealed.

But despite the Latin American powerhouse's dramatic rise UK taxpayers have been forking out millions of pounds in aid to support them.

Brazil's total output last year was worth euro 1.86 trillion - compared with euro 1.82 trillion in Britain, think-tank Cebr said.

For more: Britain's economy falls behind Brazil's to become just seventh-largest in the world | Mail Online