Trade Deal Between UK and India

SOURCE www.breitbart.com
Reform UK leader Nigel Farage accuses Labour Party of betraying British working class through trade deal with India, which critics claim favors Indian migrants over natives. Deal includes tariff reductions and migration concessions, leading to cheaper employment of Indian migrants. Critics warn of negative impact on British workers and tax implications.

Key Points

  • Tariff reductions on British exports and Indian goods
  • Migration concessions allow access to contractual services visa route for Indian workers
  • Exemption from national insurance contributions for some Indian workers
  • Criticism from Reform UK leader Nigel Farage and former Home Secretary Suella Braverman
  • Disagreement on potential impact on migration numbers

Pros

  • Increased bilateral trade by £25.5 billion
  • Addition of £4.8 billion to UK GDP per year
  • Deepening ties between UK and India
  • Potential for greater global mobility for Indians

Cons

  • Critics claim deal favors Indian migrants over native population
  • Concessions on migration may lead to cheaper employment of Indian workers
  • Concerns over impact on British workers and tax implications