Jonathan Reynolds backs UK-India commerce deal regardless of Tory tax backlash

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Wednesday 18 June 2025 6:26 pm

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Jonathan Reynolds on the Indian Global Forum

As the UK and India transfer into the ultimate section of negotiations on a landmark free commerce settlement (FTA), enterprise and commerce secretary Jonathan Reynolds has doubled down on his help of the deal – regardless of mounting Conservative criticism over provisions regarding labour mobility and taxation.

The UK-India FTA, concluded in precept on 6 May 2025, and guarantees to be India’s most complete commerce deal so far, with forecasts projecting a £4.8bn enhance to the UK’s GDP and a £25.5bn enhance in bilateral commerce by 2030.

The deal additionally features a double contributions conference (DCC) designed to get rid of the double social safety taxation on momentary staff transferring between the 2 nations – a transfer meant to easy enterprise operations however one which has sparked a fierce political row.

At the India Global Forum on 18 June, Reynolds underscored the UK authorities’s willpower to seal the settlement.

“This is a chance to show that the UK is serious about deepening our economic relationship with India and completing a major free trade agreement,” Reynolds stated on the occasion.

Momentum amid controversy

This comes as bilateral commerce between the UK and India grew to $21.34bn in 2023-24, with the deal focusing on a doubling of commerce to $120bn inside 5 years.

However, the deal’s provisions on labour mobility, significantly the clause exempting some Indian staff seconded to the UK from paying National Insurance contributions, have drawn sharp criticism from the Tory occasion.

Opponents declare this creates a “two-tier tax system” that dangers undercutting British staff.

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British companies should capitalise on milestone UK-India commerce deal

Reynolds rejected these claims right now, saying: “There is no situation where I would ever tolerate British workers being undercut through any trade agreement we would sign”.

He stated that the clause aligns with worldwide norms to keep away from double social safety taxation – a normal follow already in place with over 50 nations together with the US and Canada.

The exemption is reciprocal, affecting solely particular expert staff with visa caps and present routes, and applies equally to British staff posted to India.

Yet Tory figures have remained vocal. Former commerce secretary Kemi Badenoch revealed she had refused to greenlight the same deal throughout her tenure, whereas Nigel Farage decried the announcement as an try by the Labour authorities to “bury” the deal post-local elections.

This political push again illustrates the fragile balancing act the UK authorities faces in securing a commerce deal which pledges to redefine Britain’s post-Brexit world buying and selling relationships, regardless of being fraught with home political threat.

Reynolds: A defining second for UK commerce

Reynolds insisted the deal’s potential advantages for each economies far outweigh the controversy.

“I believe this will lead to an incredibly positive outcome for both countries. I think it is a major moment in Britain’s trading relationships”, he stated.

As the UK authorities finalises the settlement, the end result will impression financial ties with one of many phrase’s fastest-growing markets but additionally sign the federal government’s means to navigate commerce in a post-Brexit period.

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Starmer’s commerce deal triumphs fail to impress UK voters

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