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India may get Queen Elizabeth-class aircraft carriers design

BRITISH firm BAE Systems has offered India the designs for the Queen Elizabeth-class warship, a report yesterday (5) said.

Discussions were held between Indian and British authorities about selling the designs of the Royal Navy’s top aircraft carriers to New Delhi.


Indian Naval officials held discussions in Britain which included information about how the Royal Navy worked with a group of companies to design and build large warships.

If a deal was signed, the top British warships would be constructed in India.

New Delhi’s ‘Make in India’ initiative is expected to get a big boost from any such a deal as the plan aims to strengthen the country’s indigenous technology.

The British firms have also an opportunity to supply parts, spare parts, and other hardware for the vessels, if built locally.

A BAE spokesperson was quoted in the Daily Telegraph: “BAE Systems has begun discussions with India regarding the potential for basing development of the second indigenous aircraft carrier project on the successful Queen Elizabeth Class design. The design is adaptable and can be modified to meet Indian Navy and local industry requirements.”

The design of the top UK vessels is owned by BAE and Thales. 

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UK house price growth slows to 0.3 per cent in October.

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UK house price growth slows as buyers delay decisions ahead of budget

Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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