UK Polls 2024 | What Does A Labour Victory Mean For India-UK Ties? UK-India Business Expert Explains
Summary
TLDRIn a recent interview, the UK IBC's managing director, Kevin, discusses the implications of the Labor Party's victory and Kier Starmer's appointment as Prime Minister on the UK-India relationship. He highlights the focus on economic growth, job creation, and public service improvement, as well as the potential for strengthened trade, investment, technology collaboration, and defense partnerships. Kevin also addresses migration, noting the UK's openness to Indian workers and students, and the importance of clear, positive policies to support the bilateral relationship.
Takeaways
- 🏛️ The UK has a new Prime Minister, Kier Starmer, following a landslide victory by the Labor Party over the Conservatives.
- 📈 The citizens of the UK have high expectations from the Labor Party, particularly in addressing cost of living and inflation issues.
- 🛑 The UK is emerging from a cost of living crisis, with inflation rates decreasing and economic growth beginning to stabilize.
- 💼 Economic growth is central to the Labor Party's agenda, focusing on job creation, livelihood improvement, and funding for public services.
- 🏭 The Labor Party plans to implement industrial and energy transition strategies to encourage business investment and growth in the UK.
- 🤝 The new government aims to strengthen the trade and investment partnership with India, a key aspect of the UK's growth strategy.
- 🔄 The Labor Party has been actively building connections with Indian politicians, signaling a commitment to deepening the India-UK relationship.
- 📝 There is a renewed focus on resuming Free Trade Agreement (FTA) negotiations between the UK and India for a swift and mutually beneficial conclusion.
- 🤖 The potential for increased technology and innovation collaboration between the UK and India, involving both businesses and academic institutions, is highlighted.
- 🛡️ The defense and security partnership between the UK and India is expected to become increasingly important in the current geopolitical context.
- 🌐 Strengthening people-to-people connections, including facilitating the movement of workers and students between the UK and India, is crucial for the partnership.
- 📊 There has been a significant increase in the number of Indians working in the UK, particularly in high-skilled jobs, positively impacting the UK economy.
- 🎓 Record numbers of Indian students came to the UK in 2023, and despite a potential dip due to rule reviews, the UK remains open to Indian talent post-graduation.
- 🗣️ The discussion emphasizes the need for clarity in migration rules and a focus on the positive contributions of Indian workers and students to the UK.
Q & A
Who is the new Prime Minister of the UK after the recent election?
-The new Prime Minister of the UK is Kier Starmer, following the Labor Party's landslide victory.
What are the primary expectations of UK citizens from the Labor Party?
-UK citizens have high expectations from the Labor Party, particularly in addressing the cost of living and inflation issues, which were central to the election.
How has the UK economy been performing in relation to inflation and growth?
-The UK economy has been going through a cost of living crisis but is starting to emerge from it, with inflation backing down and growth beginning to return.
What are the Labor Party's main focuses for economic growth?
-The Labor Party focuses on economic growth by creating jobs, improving livelihoods, and raising funds for public service improvements.
What role does trade and investment play in the new government's plan for economic growth?
-Trade and investment are important for economic growth, with the government looking to establish industrial and energy transition strategies to incentivize business investment and growth.
How has the Labor Party been building connections with India?
-The Labor Party has been actively building connections with India, with key members meeting with Indian politicians and focusing on strengthening the partnership between the two countries.
What are the key areas of focus for the UK-India relationship under the Labor government?
-Key areas of focus include resuming Free Trade Agreement (FTA) negotiations, enhancing technology and innovation cooperation, strengthening defense and security partnerships, and facilitating people-to-people connections through worker and student mobility.
What is the current state of FTA negotiations between the UK and India?
-The FTA negotiations are a priority, with the aim to bring them to a swift and positive conclusion that benefits both parties.
How has the UK's stance been towards Indian students and workers in recent years?
-The UK has been open and welcoming to Indian students and workers, with a significant increase in the number of Indians working in the UK, particularly in skilled jobs and public services.
What are the implications of the recent increase in Indian workers and students in the UK?
-The increase has had a positive impact on the UK economy and public services, with Indian workers contributing to various sectors including finance, IT services, NHS, and care.
How does the new Labor government view the migration issue, especially concerning Indian students and workers?
-While the previous government conducted a review of post-study work rules, the Labor government is expected to maintain an open stance, allowing Indian students to stay and work after graduation, with hopes for clarity and positive perception in the debate.
Outlines
🏛️ New UK Prime Minister and Implications for India-UK Relations
The UK has elected a new Prime Minister, Kier Starmer, following a landslide victory for the Labor Party. This paragraph discusses the expectations of the UK citizens from the new government, particularly regarding the cost of living and inflation. It also touches upon the economic growth strategies of the Labor Party, including industrial and energy transition policies, and the importance of trade and investment partnerships, especially with India. The UK India Business Council's managing director, Kevin McColl, highlights the need to resume Free Trade Agreement (FTA) negotiations, enhance technology and innovation cooperation, strengthen defense and security ties, and facilitate people-to-people connections between the two countries.
🌐 India-UK Migration and Student Mobility Under Labor Government
This paragraph delves into the contentious issue of migration in the UK, especially concerning Indian students and workers. It provides data showing a significant increase in the number of Indians working in the UK, particularly in high-skilled jobs, and the impact this has had on the UK economy. The discussion also covers the record number of Indian students in the UK and the potential dip in student numbers due to recent rule reviews by the previous government. However, it notes the retention of rules allowing Indian graduates to work post-study, expressing hope for continued positive migration flows and a focus on clarifying arrangements to foster the India-UK relationship further in areas such as FTA, R&D collaboration, and defense and security partnerships.
Mindmap
Keywords
💡Prime Minister K stama
💡Landslide Victory
💡Cost of Living Crisis
💡Inflation
💡Economic Growth
💡Trade and Investment Partnership
💡FTA Negotiations
💡Technology and Innovation
💡Defense and Security Partnership
💡People-to-People Connections
💡Migration
Highlights
UK has a new Prime Minister, Kier Starmer, following the Labour Party's landslide victory over the Conservatives.
Citizens' expectations from the Labour Party are high, particularly regarding cost of living and inflation issues.
The UK is emerging from a cost of living crisis, with inflation rates decreasing and economic growth resuming.
Labour Party focused on economic growth to create jobs, improve livelihoods, and fund public services.
Industrial and energy transition strategies will incentivize businesses to invest and grow in the UK.
Trade and investment partnerships are crucial for the UK's economic growth under the new government.
Labour Party has been actively building connections with Indian politicians to strengthen the India-UK relationship.
FTA negotiations are expected to resume with the aim of reaching a swift and positive conclusion.
Potential for increased technology and innovation collaboration between the UK and India, including academic institutions.
Defense and security partnership is set to become increasingly important in the geopolitical context.
People-to-people connections, including facilitating the movement of workers and students, are vital for strengthening the India-UK partnership.
Migration has been a contentious issue in the UK, with implications for student mobility between India and the UK.
There has been a significant increase in the number of Indians working in the UK, particularly in high-skilled jobs.
Indian students' numbers in the UK reached a record high in 2023, with approximately 160,000 students.
The previous UK government retained rules allowing Indian students to work after graduation.
The new Labour government is expected to provide clarity on migration rules and address negative perceptions.
Focus will be on driving the India-UK relationship forward through positive aspects such as FTA, R&D collaboration, and defense and security partnership.
Transcripts
UK has a new prime minister K stama
after the labor party won a landslide
Victory against the conservatives but
what does the new prime minister and the
labor government mean for the
relationship between India and the
United Kingdom I have with me the UK IBC
managing director Kevin MCO to answer
some of the questions related to
business and the relationship between
the two countries many thanks Kevin for
speaking with n TV my first question is
though not about the ties between India
and the United Kingdom but solely about
why the citizens of the UK have so
overwhelmingly voted in favor of the
labor party now it shows that they have
huge expectations from the labor party
uh with regards to cost of living and
inflation some of the issues that have
been at the core of this election what
do you think is their expectation first
expectation from the new government you
rightly said you know the UK has been
going through a cost of living crisis
for the last couple of years but it's
actually starting to emerge from that
now inflation has backed down around the
target of 2% interest rates are going to
be coming down as well and growth has
started to come back into our economy so
in in many ways I think the the UK
economy has has turned a corner but
saying that you know the the labor party
in opposition in throughout this
campaign have been focusing on the
importance of economic growth both in
terms of creating jobs and improving
improving livelihoods for people but
also to raise the funds to make
improvements to the public services as
well so economic growth is going to be
at the heart of what they do as some of
that will be domestic um talking about
having industrial strategies and energy
transition strategies that will uh
incentivize and encourage and enable
businesses to invest and to grow in the
UK and to um give them that uh policy
transparency and policy continuity that
they need but also growth is going to be
an important source of growth is going
to be from trade and investment and I
think that's where um one element of the
UK and their partnership is going to be
important for the new UK govern
government it's that trade and
investment partnership so Kevin what
should we be expecting from here on as
far as the India UK relationship is
concerned under the labor government
well what we've seen over the last year
certainly the last six months is the the
labor party in opposition really
starting to focus on India and build its
connections with Indian politicians I'm
thinking here of when Dr J Shanker the
external affairs minister was in London
last November he met with Kier starmer
who's now the Prime Minister Angela
rener um the sh who Deputy Prime
Minister and with the shadow foreign
minister and other members of that um
Shadow cabinet so that started back in
November and then in February this year
Angela Rena Deputy PM David Lamy Shadow
foreign minister and Jonathan Reynolds
who was the shadow business secretary
all went to India during February and
met with a range of people across
government and across business so that
kind of a work and engagement has been
ongoing and in our discussions with
those uh senior politicians it's been
really clear how committed they are to
the Indian partnership and to in taking
it to new levels and for for as at ukbc
there are four or five things I think
that are important here one is to resume
those FTA negotiations and hopefully
bring them to a Swift and positive
win-win in conclusion we also see huge
potential for even more technology and
Innovation and co-creation been done
between the UK and India including not
just businesses but also academic
institutions as well think the defense
and security partnership is going to be
ever more important uh this is a you
know a geopolitical context wein where
you know everyone needs all the friends
they can get and I think the UK and
India are good friends and they can
thicken that relationship ship further
and then the other element of the UK
India partnership perhaps the element
that pulls it all together is that all
important people to people connections
and so facilitating and streamlining
that two-way flow of workers and
students between the UK and India I
think will be really important element
of strengthening the partnership and
I'll take on the final question from
where you've left uh uh taking on from
the students issue now migration is an
issue uh that has been very contentious
in the United Kingdom how do you see
that panning out under the labor
government to considering that's also an
issue regarding uh students and Mobility
uh between India and the UK as well it's
a it's a good question it's a it's an
often debated one and I sometimes think
um some of the the facts are missing
from the the debates so um you know over
the last three four years uh there's
been a sharp increase in the number of
Indians who are coming to the UK to to
work and to to study there was a report
recently published by a think tank here
called the the UK in a changing Europe
which was published in partnership with
King's College London and they used UK
government statistics and uh they showed
that from the beginning of 2020 to the
end of 2023 the number of Indians
working in the UK had doubled to 870,000
so that's quite a sharp increase and um
really s positive impact on the UK uh
many of those people came to work in
highly paid highly skilled jobs in
financial and IT services uh and many
others came to work in the NHS in the
care sector so UK has been very open and
welcoming to Indians coming to support
our economy and to support our public
services and alongside that we've seen I
think last year 2023 record numbers of
Indians coming to the UK to study I
think round about
160,000 now those um student numbers uh
I think May dip a little this year
because the last UK government conducted
a review Into the the rules surrounding
working in the UK after studying but the
last UK government uh decided to retain
those rules that did allow Indian
students to stay and work after
graduation so I'm you know hopeful that
that really positive sort of flow of
people um from the UK from India to the
UK uh can continue I just hope that
there's more kind of a Clarity to those
arrangements and some of the negative
perceptions can be sort of taken out of
the debate so it allows us to focus on
the other positive aspects that will
really help to drive the relationship
forward for examp example the FTA R&D
collaboration and the defense and
security partnership kin M many thanks
for speaking with NDTV thanks MAA
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