Early UK election may delay FTA with India
Business Standard|May 24, 2024
The early election announced by British Prime Minister Rishi Sunak is expected to delay the free-trade agreement (FTA) between the UK and India, officials on both sides indicated.
ASIT RANJAN MISHRA & SHREYA NANDI

Sunak sprang a surprise on Wednesday by advancing the election to July 4, well ahead of the January deadline. India was expecting to sign the trade deal in July after a new government is in place in New Delhi following the ongoing general elections. However, a new regime, as is being anticipated, in London could prolong the Labour Party, led by Keir trade deal. Starmer, by around 20 percentage points in opinion polls.

The Conservatives, led by Sunak, have been trailing the Sunak is hoping to turn around the Conservatives' dismal polling numbers with the message that the economy is on the mend after the latest data showed the inflation rate there dropped to 2.3 per cent in April.

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