ANALYSIS
Narendra Modi and Keir Starmer will speak on Thursday (Image: DX)
Britain’s bumper trade deal with India will have Remainers choking on their cornflakes this morning. Not only was it made possible by leaving the EU, it shows that Brexit is well and truly working.
The naysayers and gloomsters have long-derided the UK’s departure from the bloc. But our agileness and flexibility as a global trading nation is beginning to pay dividends. We are an increasingly attractive nation to do business with and striking an agreement with India, an economic superpower, is a major boon.
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Worth at least ￡4.8 billion a year, the deal is the most economically significant since Brexit.
Let’s not lose sight of the fact that Keir Starmer is reaping the benefits of something he campaigned hard against.
The UK ditched Brussels under a Conservative government and successive trade secretaries, including current Tory leader Kemi Badenoch, put in the hard yards to make this tie-up - and many others - happen.
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Despite the financial gains, there are concerns too.
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Sir Keir 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.
This has triggered fears of a surge in immigration as more Indian workers seek to come to the UK.
But the deal has been broadly welcomed by businesses up and down the country who believe it will inject life into an economy and jobs market which has been choked by Rachel Reeves' calamitous Budget last Autumn.
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Donald Trump, a self-confessed fan of Brexit, jets into the UK tomorrow on a five-day personal visit.
During his trip to Scotland the golf-loving US President is due to speak with Sir Keir with a US-UK trade deal expected to be high up on their conversation list.
Now that would be a Brexit hole-in one!
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