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2025-05-06 16:49:07 UTC

@ChrisMayLA6@zirk.us has moved on Nostr: The good news is that the India/UK free trade deal seems to have been finalised ...

The good news is that the India/UK free trade deal seems to have been finalised (after three years).

However, even on the UK Govt's own estimate it will only increase UK GDP by around 0.1% by 2040.

The 'price': easier access for relocating Indian staff & a National Insurance 'holiday' for three years on arrival.

The benefits, large reductions in tariffs on whiskey & cars (the latter still subject to quotas though).

Is this any sort of replacement for EU membership? Hell, no!

#trade
h/t FT