Skip to content
Search

Latest Stories

Hard Brexit ‘will boost India trade ties’

Theresa May has highlighted her plans for Britain to carve out a trade deal with India and other countries as she prepares to lead the UK out of the European Union.

The prime minister outlined the details of her strategy to exit the EU in a major speech on Tuesday (17), where she confirmed that Britain would leave the single market in order to control EU immigration.


May also warned the EU against imposing harsh terms on Britain’s split from the bloc after more than four decades of membership.

She also revealed that Britain would look to strike a new customs agreement with the EU to be able to enter into its own trade deals with the rest of the world.

May said it was clear that the UK needed to increase its trade significantly with some of the fastest-growing economies in the world.

She explained it was time for Britain to get “out into the world and rediscover its role as a great, global, trading nation”.

“This is such a priority for me that when I became prime minister I established, for the first time, a department for international trade, led by Dr Liam Fox,” May said.

“We want to get out into the wider world, to trade and do business all around the globe. Countries including China, Brazil, and the Gulf States have already expressed their interest in striking trade deals with us.”

“We have started discussions on future trade ties with countries like Australia, New Zealand and India,” she added.

Indian business owners expressed optimism about Britain’s future trading relationship with the country.

Sunil Bharti Mittal, Indian billionaire and founder and chairman of Bharti Enterprises, said: “India and the UK have been trying to do a lot of things together. I have been wishing and hoping for this [Brexit] to happen… but we have been prevented from (doing a trade deal) by the UK being part of the EU. That’s done, it is separate now… and I am optimistic.”

The new Indian high commissioner to the UK, Yashvardhan Kumar Sinha, told guests at India House on Monday (16): “We have a very good economic engagement with the UK, with trade in goods about $14 billion (£11bn) and another $5 bn (£4bn) in services.

“But besides that, the UK is very important in terms of investment, being the largest G20 investor into India and 800 Indian companies operate here, bringing about £1bn plus in taxes to the exchequer and employing over 100,000 people.”

The leader of the Tory party said MPs would also get a vote on any final Brexit agreement negotiated with Brussels.

EU leaders have insisted that membership of the single market means accepting free movement – a key issue in Britain’s shock referendum result to leave the 28-member organisation.

“Brexit must mean control of the number of people who come to Britain from Europe. And that is what we will deliver,” May told foreign ambassadors in London, including the Indian high commissioner.

“What I am proposing cannot mean membership of the single market,” she added.

EU president Donald Tusk said her speech gave a “more realistic” picture of what the UK wanted.

“Sad process, surrealistic times but at least more realistic announcement on #Brexit. EU27 united and ready to negotiate after Art 50,” Tusk tweeted.

Britain has two years to negotiate a break-up deal once May triggers Article 50 of the Lisbon Treaty, officially declaring the country’s intention to quit, or face leaving with no agreement in place.

May said London could accept departing on such terms if Brussels played hardball, but it would hurt the EU more than it would damage Britain.

“No deal for Britain is better than a bad deal for Britain,” she asserted.

The prime minister has pro­mised to trigger Article 50 by the end of March, and said she was confident final settlements could be negotiated within the two-year time frame.

“It is in no one’s interests for there to be a cliff-edge for business or a threat to stability, as we change from our existing relationship to a new partnership with the EU,” May said.

“We will do everything we can to phase in the new arrangements we require as Britain and the EU move towards our new partnership.”

Seeking to calm fears of a sudden jolt to the economy on leaving the bloc in 2019, May said she would seek a “phased process of implementation”.

EU countries accounted for 44 per cent of Britain’s total exports in goods and services in 2015, with the country recording a £68.6bn trade deficit with the bloc.

In her speech, May outlined her 12 negotiating priorities, including limiting immigration, exiting the jurisdiction of the European Court of Justice, and ending full membership of the Customs Union that sets external tariffs for goods imported into the EU.

Full membership in the customs union prevented Britain making its own trade deals, May said, but she still wanted a deal to keep trade with Europe as “frictionless as possible”.

Meanwhile, Brexit minister David Davis said Britain would still accept some unskilled migration after it leaves the EU.

“A level of unskilled migration is likely to continue,” Davis told parliament. “Where from, how it is controlled, will all be a matter for the new immigration policy.”

More For You

F-35B jet

The UK has agreed to move the aircraft to the Maintenance Repair and Overhaul (MRO) facility at the airport.

Indian Air Force

F-35B jet still stranded in Kerala, UK sends engineers for repair

UK AVIATION engineers are arriving in Thiruvananthapuram to carry out repairs on an F-35B Lightning jet belonging to the Royal Navy, which has remained grounded after an emergency landing 12 days ago.

The jet is part of the HMS Prince of Wales Carrier Strike Group of the UK's Royal Navy. It made the emergency landing at Thiruvananthapuram airport on June 14. The aircraft, valued at over USD 110 million, is among the most advanced fighter jets in the world.

Keep ReadingShow less
Ahmedabad air crash
Relatives carry the coffin of a victim, who was killed in the Air India Flight 171 crash, during a funeral ceremony in Ahmedabad on June 15, 2025. (Photo: Getty Images)

Ahmedabad crash: Grief, denial and trauma haunt families

TWO weeks after the crash of Air India flight AI-171 in Ahmedabad, families of victims are grappling with grief and trauma. Psychiatrists are now working closely with many who continue to oscillate between denial and despair.

The crash occurred on June 12, when the London-bound flight hit the BJ Medical College complex shortly after takeoff, killing 241 people on board and 29 on the ground. Only one passenger survived.

Keep ReadingShow less
Starmer apologises for 'island of strangers' immigration speech

Prime minister Keir Starmer delivers a speech at The British Chambers of Commerce Global Annual Conference in London on June 26, 2025. (Photo by EDDIE MULHOLLAND/AFP via Getty Images)

Starmer apologises for 'island of strangers' immigration speech

PRIME MINISTER Sir Keir Starmer has admitted he was wrong to warn that Britain could become an "island of strangers" due to high immigration, saying he "deeply" regrets the controversial phrase.

Speaking to The Observer, Sir Keir said he would not have used those words if he had known they would be seen as echoing the language of Enoch Powell's notorious 1968 "rivers of blood" speech.

Keep ReadingShow less
Sir Sajid Javid leads commission 'tackling social divisions'

Sir Sajid Javid (Photo by Tom Nicholson-WPA Pool/Getty Images)

Sir Sajid Javid leads commission 'tackling social divisions'

A cross-party group has been formed to tackle the deep divisions that sparked last summer's riots across England. The new commission will be led by former Tory minister Sir Sajid Javid and ex-Labour MP Jon Cruddas.

The Independent Commission on Community and Cohesion has backing from both prime minister Sir Keir Starmer and Tory leader Kemi Badenoch. It brings together 19 experts from different political parties and walks of life.

Keep ReadingShow less
​Masum

Masum was seen on CCTV trying to steer the pram away and, when she refused to go with him, stabbed her multiple times before walking away and boarding a bus. (Photo: West Yorkshire Police)

West Yorkshire Police

Habibur Masum convicted of murdering estranged wife in front of baby

A MAN who stabbed his estranged wife to death in Bradford in front of their baby has been convicted of murder.

Habibur Masum, 26, attacked 27-year-old Kulsuma Akter in broad daylight on April 6, 2024, stabbing her more than 25 times while she pushed their seven-month-old son in a pram. The baby was not harmed.

Keep ReadingShow less