The new UK-India trade deal has sparked criticism from opposition parties, who argue it may undercut British businesses by making Indian workers more cost-effective due to exemptions from national insurance contributions. Labour estimates the deal could generate £5 billion annually, yet concerns persist regarding its implications on local labor. The Indian government lauded the exemption as a significant win. Business Secretary Jonathan Reynolds asserted the deal's limitations and reassured that conditions would ensure a net positive impact on UK finances while clarifying its specific application to professional transfers.
The UK-India trade deal has prompted criticism from opposition parties, who believe it could disadvantage British businesses by making Indian workers cheaper to hire.
Business Secretary Jonathan Reynolds defended the deal as limited and applicable only to inter-company transfers of professionals, stressing it would be a 'net positive' for the UK Treasury.
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