Skip to content
Search

Latest Stories

UK-India ties will be 'top of new prime minister's agenda'

BRITAIN is a "steadfast friend" of India and the UK's new prime minister who succeeds Theresa May next month will ensure that strengthening the bilateral relationship is on the top of his agenda, secretary of state for work and pensions Amber Rudd said earlier this week.

The senior Cabinet minister stressed more ambitious India-UK ties.


"I do hope that Jeremy Hunt will be our next prime minister and I know that he takes relations with India very seriously and it will certainly be top of his in-tray," said Rudd.

"There is a need to be ambitious from the UK's side, but one thing is certain that Britain is a steadfast friend of India and vice versa.”

The India Day event was hosted by India's high commissioner to the UK, Ruchi Ghanashyam, and British Asian peer Lord Jitesh Gadhia.

"Recent FDI (foreign direct investment) figures are proof that the interest of Indian businesses remains strong. Brexit or no Brexit, there is a confidence in the UK as a place to do business;' said Ghanashyam.

Lord Gadhia added: "The UK's relationship with India is a litmus test for anyone who advocates a brighter future for the UK outside the European Union.”

He further noted: "If we can't win big with the largest Commonwealth nation, where English is the lingua franca of business; which uses a similar common law system and institutional frameworks; and where over 1.5 million members of the Indian diaspora in the UK provide a 'Living Bridge', then where are we going to secure the spoils of Brexit?"

More For You

Bank of England cuts interest rates to 3.75 per cent, signals caution on further reductions

The BoE now expects zero economic growth in the last three months of 2025

Getty Images

Bank of England cuts interest rates to 3.75 per cent, signals caution on further reductions

Highlights

  • BoE reduces benchmark rate by 0.25 percentage points in tight 5-4 vote split.
  • Governor Andrew Bailey warns future cuts will be "closer call" with each reduction.
  • Sterling rises and gilt yields increase as markets react to cautious tone.

The Bank of England cut interest rates to 3.75 per cent on Thursday following a narrow vote by policymakers but signalled the gradual pace of lowering borrowing costs might slow further.

Five Monetary Policy Committee members voted to reduce the benchmark rate by 0.25 percentage points from 4 per cent, marking the fourth cut in 2025. Four members opposed the move, concerned about inflation remaining too high despite recent falls.

Keep ReadingShow less