Will the UKs Iron Chancellor Melt Under the Heat?

(Bloomberg Opinion) — When does a tactical retreat become a rout? Keir Starmer performed his biggest U-turn in government yet on Thursday by promising to reinstate some pensioners’ winter fuel allowance (WFA), which he cut last July. The prime minister caved in after muttering from disaffected Labour backbench MPs became a roar – and the measure had become…

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The US-UK trade deal: Theatrics took centrestage

Watching the President of the United States, Donald Trump, reveal in the Oval Office what he described as “a tremendous trade deal” with the United Kingdom reminded me of the 1990s sitcom Seinfeld—it was a show that was literally about nothing. To be clear, it’s not a deal. It’s more of a framework for an…

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India-UK deal: A truly historic convergence on trade

History has a strange way of playing out old patterns in new forms by taking into account exigencies of the time. India and the UK concluded talks on a free trade agreement (FTA) on 6 May.  Historically, the relationship between both countries has been predicated on trade, with the passage of time determining the necessary…

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The India-UK free trade deal is a game-changer for bilateral trade relations

The agreement promises to enhance economic engagement and reshape global value chains. Indian industry contributes extensively to the UK’s economy. According to the Confederation of Indian Industry’s (CII) India meets Britain Tracker 2024 report, the number of Indian companies in the UK was estimated at more than 970, contributing about ÂŁ1.17 billion to the UK’s…

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Nationalization: An idea that has come full circle

Almost 46 years after former British Prime Minister Margaret Thatcher privatized British Petroleum and embarked on a spate of privatizations, including British Airways, British Telecom and British Steel, during the 1980s and 1990s, the UK Parliament set the clock back. In an emergency session late last week, it passed a law allowing the government to…

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UK passes emergency law to save last British factory making steel, takes control of struggling Chinese-owned plant

The UK passed an emergency law on Saturday to stop the last British factory that can make steel from scratch shutting down, allowing the government to take control of the struggling Chinese-owned British Steel plant. The site in northern England had faced imminent closure and Prime Minister Keir Starmer said urgent action was needed to…

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