Skip to content
Search

Latest Stories

Britain’s colonial past

By Amit Roy

IT SHOULD be apparent to most by now that a substantial part of Brit­ain’s wealth derived from its empire, notably in In­dia, or the slave trade.


There are some Tory MPs and a clutch of right-wing commentators who are fighting to cover up the past, but they are on the wrong and losing side of history. Much of what happened is already in the public domain.

Historic England is the latest organisation to fol­low in the footsteps of the National Trust and bring out a 165-page report which identifies villages which benefited from the slave trade. Historic Eng­land should now atone for its own mistakes by giving listed status to the endangered India Club – which it refused to do in May 2018 on the spurious grounds that it had occu­pied another address in Craven Street before moving to its present lo­cation in The Strand.

That said, there are two things I would like to say in discussing Britain’s past. It is not in the inter­est of the Asian commu­nity to make the present generation of white British people feel bad about themselves. They cannot be held responsible for what their forefathers did.

Second, I definitely don’t want statues torn down. They are part of the country’s landscape and history. I don’t want the statue of Cecil Rhodes removed from outside Oriel College, Oxford, nor that of Rob­ert Clive from outside the Foreign Office in London. They are part of the Brit­ain I know and cherish.

I think the mature peo­ple of Calcutta (now Kol­kata) have shown the way. The impressive Victoria Memorial Hall, commis­sioned by Lord Curzon and with a statue of the “Empress of India” in front of the building, has been embraced by locals as their own.

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less