Skip to content
Search

Latest Stories

India’s Imports From UK Rise By 27 Per Cent Amid Brexit Uncertainties

India’s imports from the UK in the year to November 2018 recorded an upward movement by 27.3 per cent totalling £5.4 billion amid volatility in British trade and business following Brexit uncertainties, according to a data released on Friday (11).

India was one among the two non-EU countries where exports from the UK recorded growth last year, after Nigeria, whose imports from the UK moved up by 29.9 per cent.


The overall value of the UK exports including goods and service during the year was £630bn. UK is keen to form a free trade agreement (FTA) with India after Brexit. London is very likely to hold discussions with India after March 29 when the UK is scheduled to leave the European Union.

According to UK’s Department for International Trade said last month that Indian investment in the UK rose by 321 per cent to £8bn.

Total trade in goods and services including exports and imports between the UK and India was £19.6bn in the year to end 2018 Q2 (second quarter), a 20 per cent rise from year to end 2017 Q2.

According to the UK International Trade Secretary Liam Fox, “As the UK takes control of its independent trade policy for the first time in 40 years, markets such as India will provide exciting export and investment opportunities for UK companies.”

“These statistics show that UK companies are beginning to take advantage of these opportunities. My International Economic Department stands ready to drive trade between our two countries and I would encourage any Indian company that wants to do business with the UK to contact our regional trade commissioner, Crispin Simon,” he added.

More For You

Weaker labour market data sparks debate on rate cuts

The Bank of England is weighing inflation signals ahead of rate call

Weaker labour market data sparks debate on rate cuts

PAY growth in Britain slowed sharply and unemployment rose to its highest level in nearly four years in the three months to April, official figures showed on Tuesday (10), potentially reducing the Bank of England’s (BoE) caution over further interest rate cuts.

Wage growth excluding bonuses slowed to 5.2 per cent, the weakest pace since the three months to September, and fell more than expected from 5.5 per cent in January to March this year.

Keep ReadingShow less
London Tech Week: Indian firms show investment intent

Keir Starmer at London Tech Week in London on Monday (9)

London Tech Week: Indian firms show investment intent

MORE THAN 350 technology companies from India joined London Tech Week, which began on Monday – making it the largest-ever delegation from the country to attend the event.

London mayor Sadiq Khan’s office, City Hall, described the rise in Indian participation as a reflection of deepening ties between India and London’s tech sectors, following the recent signing of the India– UK Free Trade Agreement (FTA).

Keep ReadingShow less
London Tech Week

The discussion around inclusivity and parenthood is likely to remain in the spotlight.

Getty Images

London Tech Week: Woman entrepreneur says she was humiliated after being denied entry for bringing baby

A female entrepreneur has said she felt “absolutely humiliated” after being denied entry to London Tech Week because she was accompanied by her 18-month-old daughter.

Davina Schonle, founder and chief executive of AI start-up Humanvantage AI, had travelled from her home to attend the event at Olympia on Monday, 10 June. She said she had made a three-hour journey to London with her daughter, Isabella, only to be turned away on arrival because children were not allowed into the venue.

Keep ReadingShow less
Smartless Mobile launched by podcast trio

The move marks the first commercial spin-off from the Smartless podcast

Getty Images

Smartless podcast trio launches Smartless Mobile as low-cost phone service

The hosts of the popular Smartless podcast, actors Will Arnett, Jason Bateman and Sean Hayes, have launched a new mobile phone service in the United States. Called Smartless Mobile, the service offers a budget-friendly alternative to traditional phone plans and is aimed at users who spend most of their time connected to WiFi.

The move marks the first commercial spin-off from the Smartless podcast, which is known for its celebrity interviews and humorous tone. The new venture was announced in early June 2025 and has already begun accepting sign-ups across the US mainland and Puerto Rico.

Keep ReadingShow less