A journalist at The Times is keen to know if any business owners are concerned about having to compete with workers and firms who look set to benefit from the national insurance break that is part of the UK-India trade deal — at the same time as their own employment costs are going&nbsp;up. If that's you, or if you have any views on it, send them across ASAP. &nbsp;

The Times - National Insurance and UK-India Trade deal  

Strengthening trade relations with India is a positive step for the UK economy, but the exemption from National Insurance contributions for Indian workers raises legitimate concerns. British workers and employers have faced relentless financial pressure in recent years, rising taxes, energy costs, and regulatory burdens. Creating a carve-out for overseas workers, however temporary, risks undercutting domestic employees and undermines the principle of fairness in the labour market. The Government must be careful not to send the message that British businesses and taxpayers are being asked to do more while others are given a free pass.

Co-owner at Charwin Private Clients since 2009, offering mortgages, buy to let, secured loans, commercial finance and bridging.

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Ranald Mitchell

This government talks a good game about UK economic growth, but every single one of their policies (NI increases, minimum wage rises, employment rights) since coming to power completely contradicts the rhetoric. The latest example is the just-announced UK-India trade deal that includes an NI exemption for Indian workers and their employers. This does not affect my business, but feedback from the majority of my business clients is one of concern. Whilst they see a trade deal with India as a good thing in general, combined with all the cost increases for UK businesses, it is yet another massive spoke in the UK economic growth wheel. The deal promises £4.8bn by 2040, but my business clients feel the immediate disadvantage. 

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Tony Redondo

The deal is unlikely to make any real difference to the jobs market. Most businesses working with companies and individuals from India will already be working with them remotely as contractors, and therefore not paying any employment taxes for them.

With 20 years of experience spanning manufacturing, marketing, and business management, Richard now leads as Director at First Mats, blending his background in production with cutting-edge marketing strategies. Leveraging AI, automation, and emerging technologies, he has driven significant growth and innovation at First Mats, streamlining operations and enhancing customer experiences. Richard’s insights have been featured in major industry publications and news outlets such as Bloomberg Business, Reader’s Digest, and the Daily Mail, reflecting his reputation as a leader in marketing and technology. Drawing on his manufacturing expertise, he continues to deliver innovative products while pushing boundaries in business and marketing.

The Times - National Insurance and UK-India Trade deal

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Ranald MitchellVerified

Director at bad credit mortgage specialists Charwin Mortgages

Tony RedondoVerified

Founder at Cosmos Currency Exchange

Richard O'Connor0

Director at First Mats

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