Keir Starmer and Narendra Modi will agree a ￡4.8m deal (Image: Getty)
Britain and India will agree a massive ￡4.8 billion-a year trade deal today in a major boost for Brexit. The landmark agreement includes a huge cut in tariffs on British goods sold in India while UK consumers will enjoy lower prices for products such as clothes, footwear and food.
Sir Keir Starmer said it marked "a new era for trade and the economy". The Prime Minister sparked outrage earlier this year when it emerged that, under the deal, some Indian workers in the UK will no longer have to pay National Insurance, with the payments sent to an Indian pension fund instead.
Article continues below ADVERTISEMENT
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
DON'T MISS
Powered by
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
LBC's Nick Ferrari fumes ‘for the love of God' in Labour rant: 'Utterly inept!'
51 Comments
Angela Rayner 'clashes' with Rachel Reeves over demand for new tax
41 Comments
Households can claim up to 90% discount on water bills - check if you're eligible
1 Comments
Rachel Reeves warned to avoid ‘harmful' move that could ‘define' her
45 Comments
EU set for full-blown trade war with Trump as Brussels readies 'massive' hit to US economy
122 Comments
Rachel Reeves dealt massive new blow as she creates her own ￡20.7bn blackhole
99 Comments
Rachel Reeves savaged by Reform as Chancellor warned a 'crisis' is incoming
42 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
Politics LIVE: Keir Starmer to sign major ￡4.8bn a year trade deal with Indian PM today
2 Comments
Narendra Modi's UK visit: Everything we know as Indian PM arrives for huge announcement
21 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
One reason why multi-billion pound Brexit trade deal with India is good for Britain
6 Comments
Massive tax hikes 'looming' as Kemi Badenoch issues major warning
444 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
Trump's Tariffs 'driving UK and Canada closer together'
15 Comments
Rachel Reeves 'deaf and blind' to impact of farming inheritance tax raid
40 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
LBC's Nick Ferrari fumes ‘for the love of God' in Labour rant: 'Utterly inept!'
51 Comments
Angela Rayner 'clashes' with Rachel Reeves over demand for new tax
41 Comments
Households can claim up to 90% discount on water bills - check if you're eligible
1 Comments
Rachel Reeves warned to avoid ‘harmful' move that could ‘define' her
45 Comments
EU set for full-blown trade war with Trump as Brussels readies 'massive' hit to US economy
122 Comments
Rachel Reeves dealt massive new blow as she creates her own ￡20.7bn blackhole
99 Comments
Rachel Reeves savaged by Reform as Chancellor warned a 'crisis' is incoming
42 Comments
Politics LIVE: Keir Starmer to sign major ￡4.8bn a year trade deal with Indian PM today
2 Comments
Narendra Modi's UK visit: Everything we know as Indian PM arrives for huge announcement
21 Comments
One reason why multi-billion pound Brexit trade deal with India is good for Britain
6 Comments
Massive tax hikes 'looming' as Kemi Badenoch issues major warning
444 Comments
Trump's Tariffs 'driving UK and Canada closer together'
15 Comments
Rachel Reeves 'deaf and blind' to impact of farming inheritance tax raid
40 Comments
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
Read more: Rachel Reeves urged to seize Brexit benefit for ￡3.7 billion boost to economy
Read more: Express readers in fiery debate over whether Brexit is really working
Narendra Modi (Image: Getty)
He will cement the new agreement with his Indian counterpart Narendra Modi who is in the UK on a state-visit. But the Tories said the deal was only made possible by Britain leaving the EU.
Shadow Business Secretary, Andrew Griffith, said: “This deal is only possible because of Brexit delivered by the Conservatives. Our slow learner of a Prime Minister must take note and stop capitulating to Brussels via his lopsided EU reset deal.
“Any trade deal that can successfully cut regulation which stops Britain’s makers from creating new jobs and wealth will be a step in the right direction.
Sponsored
Bim Bam Bam | Sponsored Sponsored
Read More
Canal Drained For First Time In 200 Years, What They Found Is Hard To Believe
Undo
“But the irony should not be lost on anyone that any gains from this trade deal will be blown out of the water by Angela Rayner's union charter - stifling business with red tape - the Jobs Tax, and come Autumn, Rachel Reeves’ inevitable tax hikes that will punish Britain’s makers just to reward those who do not contribute.”
Sir Keir said the deal will also attract nearly ￡6 billion in new investment and export wins, creating more than 2,200 British jobs across the country as Indian firms expand their operations in the UK and British companies secure new business opportunities in the economic superpower.
The UK already imports ￡11 billion in goods from India, but liberalised tariffs on Indian goods will make it easier and cheaper to buy their best products.
For businesses, this could mean potential savings when importing components and materials used in areas such as advanced manufacturing or luxury and consumer goods.
Sir Keir said: “Our landmark trade deal with India is a major win for Britain. It will create thousands of British jobs across the UK, unlock new opportunities for businesses and drive growth in every corner of the country, delivering on our Plan for Change.”
“We’re putting more money in the pockets of hardworking Brits and helping families with the cost of living, and we’re determined to go further and faster to grow the economy and raise living standards across the UK.”
Under the deal India’s average tariff on UK products will drop from 15% to 3% which means British companies selling products to India from soft drinks and cosmetics to cars and medical devices will find it easier to sell to the Indian market.
Whisky producers will benefit from tariffs slashed in half, reduced immediately from 150% to 75% and then dropped even further to 40% over the next ten years - giving the UK an advantage over international competitors in reaching the Indian market.
The two Prime Ministers have also signed a renewed Comprehensive and Strategic Partnership, which will see closer collaboration on defence, education, climate, technology and innovation.
Nik Jhangiani, Interim Chief Executive, Diageo, said: “This agreement marks a great moment for both Scotch and Scotland, and we’ll be raising a glass of Johnnie Walker to all those who have worked so hard to get it secured.”
DON'T MISS
Powered by
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
LBC's Nick Ferrari fumes ‘for the love of God' in Labour rant: 'Utterly inept!'
51 Comments
Angela Rayner 'clashes' with Rachel Reeves over demand for new tax
41 Comments
Households can claim up to 90% discount on water bills - check if you're eligible
1 Comments
Rachel Reeves warned to avoid ‘harmful' move that could ‘define' her
45 Comments
EU set for full-blown trade war with Trump as Brussels readies 'massive' hit to US economy
122 Comments
Rachel Reeves dealt massive new blow as she creates her own ￡20.7bn blackhole
99 Comments
Rachel Reeves savaged by Reform as Chancellor warned a 'crisis' is incoming
42 Comments
Woman puts banana peel on her arm. You won't believe what happened next!Good To Know This | Sponsored Sponsored
Read More
Undo
Politics LIVE: Keir Starmer to sign major ￡4.8bn a year trade deal with Indian PM today
2 Comments
Narendra Modi's UK visit: Everything we know as Indian PM arrives for huge announcement
21 Comments
Dexcom G7 makes tracking glucose trends painless and easy.Dexcom | Sponsored Sponsored
Click Here
Undo
One reason why multi-billion pound Brexit trade deal with India is good for Britain
6 Comments
Massive tax hikes 'looming' as Kemi Badenoch issues major warning
444 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
Trump's Tariffs 'driving UK and Canada closer together'
15 Comments
Rachel Reeves 'deaf and blind' to impact of farming inheritance tax raid
40 Comments
Dementia Has Been Linked To a Common Habit. Do You Do It?Brain Health | Sponsored Sponsored
Learn More
Undo
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
Experts Link This Common Food to Memory Loss and Dementia (See story)Memory Health | Sponsored Sponsored
Learn More
Undo
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
She puts a banana peel on her skin and this is what happened!Good to know this | Sponsored Sponsored
Undo
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
This Farmer Decided to Teach Illegal Parkers A LessonTips and Tricks | Sponsored Sponsored
Undo
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
LBC's Nick Ferrari fumes ‘for the love of God' in Labour rant: 'Utterly inept!'
51 Comments
The most accurate CGM for confident decisions in the moment.Dexcom | Sponsored Sponsored
Undo
Angela Rayner 'clashes' with Rachel Reeves over demand for new tax
41 Comments
Households can claim up to 90% discount on water bills - check if you're eligible
1 Comments
Canal Drained For First Time In 200 Years, What They Found Is Hard To...Bim Bam Bam | Sponsored Sponsored
Read More
Undo
Rachel Reeves warned to avoid ‘harmful' move that could ‘define' her
45 Comments
EU set for full-blown trade war with Trump as Brussels readies 'massive' hit to US economy
122 Comments
Experts Urge Seniors With Memory Loss To Take This Key Nutrient DailyMemory Health | Sponsored Sponsored
Learn More
Undo
Rachel Reeves dealt massive new blow as she creates her own ￡20.7bn blackhole
99 Comments
Rachel Reeves savaged by Reform as Chancellor warned a 'crisis' is incoming
42 Comments
Politics LIVE: Keir Starmer to sign major ￡4.8bn a year trade deal with Indian PM today
2 Comments
Narendra Modi's UK visit: Everything we know as Indian PM arrives for huge announcement
21 Comments
One reason why multi-billion pound Brexit trade deal with India is good for Britain
6 Comments
Massive tax hikes 'looming' as Kemi Badenoch issues major warning
444 Comments
Trump's Tariffs 'driving UK and Canada closer together'
15 Comments
Rachel Reeves 'deaf and blind' to impact of farming inheritance tax raid
40 Comments
Damning report into water industry says key regulator 'failed' and should be axed
27 Comments
Water bills set to soar by 30% in just five years as Ofwat to be scrapped
61 Comments
The 5 ways to protect your money from Rachel Reeves' tax raids
2 Comments
Starmer and Trump urged to strike 'mega deal' in Scotland
83 Comments
'Brexit dividend' shields UK from Trump trade war after EU cave-in, says Brussels insider
276 Comments
Major UK supermarkets warn of Rachel Reeves' plans for fresh tax raid
61 Comments
'I moved to Spain and claim the state pension - I can't afford life in the UK'
2 Comments
Dementia Has Been Linked To a Common Habi...Brain Health
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Experts Link This Common Food to Memory Los...Memory Health
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
She puts a banana peel on her skin and this is...Good to know this
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Woman puts banana peel on her arm. You wo...Good To Know This
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
William Bain, Head of Trade Policy at the BCC, said: "The signing of this agreement is a clear signal of the UK’s continuing commitment to free and fair trade. It will open a new era for our businesses and boost investment between two of the world's largest economies.”
Jean-Etienne Gourgues, Chivas Brothers Chairman and CEO, said: “Signature of the UK-India FTA is a sign of hope in challenging times for the spirits industry.
“India is the world’s biggest whisky market by volume and greater access will be an eventual game changer for the export of our Scotch whisky brands, such as Chivas Regal and Ballantine’s.”
Read Next
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy