UK, India Sign Landmark Trade Deal Worth £25.5 Billion

The UK and India have finalized a major trade agreement that reduces tariffs on goods like UK whisky, cars, and Indian clothing and footwear, aiming to boost bilateral trade by £25.5 billion annually by 2040. Though it does not alter UK immigration rules, the deal includes benefits for both countries’ businesses and workers, such as a three-year social security exemption for staff on temporary assignments. While the UK government hails the pact as its most significant post-Brexit trade deal, opposition leaders have raised concerns about potential tax loopholes and effects on UK businesses. The deal reflects a shared push for free trade amid global protectionist trends.