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With the UK still struggling to iron out the details of a post-Brexit free trade agreement with India, New Delhi has instead clinched a landmark deal with four European nations that it claims will result in $100bn (£78bn) of investment in the country.
The UK’s goods trade is lagging far behind the rest of the G7, while services are booming.
Seven years since the referendum, how have the “promises” made by the most prominent Brexiteers panned out? Here’s a rundown of the 10 most spectacular untruths.
British rice milling industry faces wipe-out from part of a trade deal being discussed with India. First proposed by Boris Johnson, it is also predicted to raise consumer food prices and break UK limits on pesticides.
Trade secretary Kemi Badenoch has taken a swipe at ex-PMs Boris Johnson and Liz Truss for setting public deadlines in trade negotiations.
India supplies the NHS with a quarter of its medicines and changes to pharma monopoly rights and patent laws under leaked plans could see costs spiral.
British Chambers of Commerce urges government to ‘cut red tape on UK-EU goods movements’.
Britain’s TUC and Indian unions alike have raised concerns about deteriorating work conditions for workers, low pay and exploitation.
The landmark deal to liberalise trade with one of the world’s biggest growing economies is delayed in a blow to the Government’s growth plans.
Home Secretary Suella Bravernan’s claim that Indian migrants are the largest group who “overstay” their welcome in the UK could derail Britain’s post-Brexit trade deal with New Delhi. / Indian ministers are said to be furious with her remarks as the agreement is reportedly “on the verge of collapse”.
Former Prime Minister Boris Johnson met Indian leader Narendra Modi in April and set an ambitious target to sign the free trade agreement (FTA) by Diwali later this month. / Recently, Braverman said that she had doubts regarding the deal as it would increase immigration to the UK even as Truss is eager to sign an agreement with India by Diwali, on October 24.
Focus on substance rather than Diwali deadline, trade secretary Anne-Marie Trevelyan told.
International Agreements Committee warns of dangers of ‘arbitary’ Diwali deadline. / The government's rushed negotiating strategy for getting a Brexit free trade agreement (FTA) with India risks a bad deal, a parliamentary committee has warned.
Ruptures have once again emerged across government over the direction of the UK’s post-Brexit trade policy, with environment secretary George Eustice raising concerns about a potential deal with India.
The end of the transition period was merely a staging post within a process that will be long with us, says Chris Grey.
Sam Bright summarises the key issues with the UK’s attempts to forge new economic alliances after leaving the world’s largest trading bloc.
Brussels and Delhi tipped to open talks on free trade agreement within days – while UK admits ‘shared intent to begin work’ only.
Shortened trade talks will result in ‘flimsy’ deal, former British prime minister says
The government should ease migration rules for Indians coming to Britain if it wants to secure a post-Brexit trade deal with one of the world’s fastest growing economies, says the Commons foreign affairs committee.
India's finance minister has said that a free trade deal with Britain will take a "long time" and that no negotiations will start until the Brexit process has been completed.
The EU, as a single market entity, has been India’s largest trading partner for the past several years. / "In November 2016 ... Theresa May made a quick visit to India, hoping to get the negotiations off the ground. However, she was given short shrift in India, which clearly did not see any reason to get into bed with the UK without first knowing anything about its divorce conditions with the EU."
The government must make it easier for Indians to come to Britain to secure a post-Brexit trade deal with one of the world’s fastest growing economies, a group of MPs have said.
Brexiteers had hoped to build trade links quickly after EU withdrawal. / Yashvardhan Sinha, India’s high commissioner to Britain, said that such a deal was “not going to be done overnight”.