Thu, 24 Jul 2025

Thu, 24 Jul 2025 Four things you need to know about UK-India trade deal

Here's a quick guide to what's been agreed and what it could mean for you.

* The UK has lowered taxes on goods imported from India, including:
* Clothing
* Jewellery
* Frozen prawns
* India has cut taxes on goods imported from the UK, including:
* Whisky and gin (tariffs will be halved from 150% to 75%, then reduced to 40% by the 10th year)
* Cars (tariffs will fall from over 100% to 10%)
* The deal also allows British firms to compete for more services contracts in India.
* The agreement is expected to boost trade between the two countries, with the UK government forecasting an additional £25.5bn a year by 2040.
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