International Monetary Fund data adjusted for purchasing-power parities indicate that Italy has virtually eliminated the per-capita income gap that once separated it from the United Kingdom. In 2016, just before the Brexit referendum, the average Briton enjoyed roughly a US$4,000 advantage over their Italian counterpart; by 2024 that difference has narrowed to almost zero, according to the latest IMF estimates. The figures underscore a decade of economic stagnation in Britain, where per-capita GDP has slipped not only relative to Italy but also further behind France. While Italy’s overall growth remains subdued, incremental gains—combined with the UK’s weak productivity and investment record—have been sufficient to close the living-standards gap. The shift highlights the longer-term economic costs that have followed the UK’s exit from the European Union and raises pressure on policymakers in London to reignite growth. In Rome, business leaders see the convergence as an opportunity for Prime Minister Giorgia Meloni to accelerate reforms aimed at lifting Italy’s chronically low growth rate.