Overview

• Lawmakers began debating the finalized May 6 pact in the House of Commons on June 14 as the next step toward ratification
• The UK’s Department for Business and Trade forecasts a GBP25.5 billion annual trade boost and predicts the agreement will add GBP4.8 billion to GDP and GBP2.2 billion to wages each year over the next decade
• Business and Trade Secretary Jonathan Reynolds told MPs the tariff cuts will secure a genuine competitive edge for UK manufacturing in automotive and machinery sectors
• Grant Thornton and the Confederation of Indian Industry report a record 971 Indian-owned companies in the UK last year, underscoring Indian firms’ growing role in job creation and innovation
• The pact will dominate UK-India Week at the India Global Forum in London, where Commerce Minister Piyush Goyal is set to speak and the 2025 India Meets Britain Tracker will be launched