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NEWS FROM 100 YEARS AGO : 6 March 1925

6 MARCH 1925

In the House of Lords the Advertisements Regulation Bill was read a second time, and several Scottish provisional order measures received the Royal Assent. The Earl of Clarendon said the British Government and the Irish Free State Government had failed to reach an agreement on the question of land purchase annuities, but the Treasury hoped to have another conference at an early date.

The House of Commons heard a statement on foreign affairs by Mr Austen Chamberlain.

Interrupting with an irrelevant remark Mr Austen Chamberlain’s statement in the House of Commons on foreign affairs, Mr Kirkwood was named by the Chairman, Mr J. F. Hope. Uproar followed, and the Speaker, having been sent for, Mr Kirkwood’s suspension was voted by the House. As a protest the Socialist members left the House in a body.

Stanley Baldwin, speaking at Birmingham on the industrial situation, pleaded for a truce of God.

Clause 8, dealing with the payment of standardised stipend, was added to the Church of Scotland Bill in the Scottish Grand Committee. A Socialist amendment gave rise to a long discussion.

The Rev. Dr Norman Maclean, in an article entitled “Port After Stormy Seas,” gives his impressions of the proceedings in Committee on the Church of Scotland Bill.

An arrangement relative to the rights of Edinburgh Town Council in the City Churches under the Church of Scotland (Property and Endowments) Bill was reported at a meeting of the Council.

Negotiations in London regarding the wage claim of the engineers broke down. A complete deadlock exists, and the position is described as “very delicate.”

April 10, 2025
NEWS FROM 100 YEARS AGO : 5 March 1925

5 MARCH 1925

In the House of Lords, the Earl of Balfour said it was not only erroneous, but most mischievous and unfortunate, to suggest that the Singapore scheme gave any just cause for complaint by Japan.

A financial resolution relating to the Church of Scotland (Property and Endowments) Bill was discussed in Committee of the House of Commons. It was explained that the resolution was necessary to enable the Treasury to negotiate with the Church authorities for the redemption of certain sums that are at present payable out of the Consolidated Fund. Mr Barr’s amendment providing that such capital sums shall not exceed the amount, together with interest thereon, necessary for discharging in full all existing life interests, was rejected by 234 to 101, and the resolution agreed to. The Food Prices Commission came in for sharp criticism by Socialist members on a motion by Mr Lansbury calling for prompt State action to stop profiteering. The motion was rejected.

Viscount Grey, addressing the Liberal Parliamentary party, of which he was the guest at dinner at the House of Commons last night, said that the British Government made a difficulty about adhering to the Geneva Protocol, but we could not go on turning down all proposals for security and making none ourselves.

Mr Reginald McKenna, chairman of the Midland Bank, addressed the Commercial Committee of the House of Commons on the restoration of the gold standard.

Lord Rawlinson, Commander-in-Chief in India, speaking in the Legislative Assembly, evoked strong protests from Indian members by a remark that it was no simple matter to create a national army, “because India was not a nation.”

President Coolidge, in his Inaugural Address, said that the United States represented nothing but peaceful intentions toward all the earth, but it ought not to fail to maintain such military force as comported with the dignity and security of a great people.

April 10, 2025
NEWS STORY : Universal to Build Multi-Billion-Pound Theme Park and Resort in Bedfordshire Creating Thousands of Jobs

STORY

Universal Destinations & Experiences has unveiled plans to build a world-class theme park and resort in Bedfordshire, marking the company’s first venture in the UK and Europe. The multi-billion-pound development will be located on a 476-acre site in Kempston Hardwick and is expected to open in 2031.

The project promises a major economic boost for the region and the country, with around 20,000 jobs created during construction and a further 8,000 permanent roles once the resort is operational. Universal projects that the site will attract up to 8.5 million visitors in its first year alone and contribute nearly £50 billion to the UK economy by 2055.

Prime Minister Keir Starmer praised the investment, calling it a vote of confidence in the UK as a destination for global business. He highlighted the alignment of the project with the Government’s Plan for Change, which aims to drive economic growth through job creation in sectors like hospitality, technology, and tourism.

Local government leaders have thrown their support behind the project, describing it as a once-in-a-generation opportunity that could establish the South East Midlands as a premier international visitor destination. A joint letter from the leaders and chief executives of six local authorities, including Bedford Borough and Central Bedfordshire Councils, emphasised the scale and ambition of the development.

Universal also announced plans to collaborate with local colleges and universities to offer apprenticeships and internships, helping to train a new generation of skilled workers. The company is also working with transport authorities to ensure infrastructure can support the anticipated influx of visitors.

While specific attractions have not yet been revealed, the resort is expected to offer immersive experiences based on Universal’s iconic films and stories, alongside a 500-room hotel and a wide range of entertainment and dining options. Planning consent is still required, with Universal expected to apply for a special development order later this year. If approved, construction could begin soon after, with the opening targeted for 2031.

April 10, 2025
PRESS RELEASE : Multi-billion-pound investment secured as Universal theme park and resort set to be built in Bedford, bringing thousands of jobs [April 2025]
The press release issued by 10 Downing Street on 9 April 2025.

A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council, in a move that represents a major vote of confidence in the UK economy and the future of partnerships between the UK and the US.
- The Prime Minister has today closed the deal on a new Universal theme park in Bedfordshire
- Plans will bring an estimated £50bn boost for the economy and create around 28,000 jobs in total across creative, hospitality and construction industries
- Set to open in 2031, the theme park will form part of a new planned entertainment resort, due to include immersive storytelling, rides, attractions and hospitality
- Deal firmly puts the UK on the global investment stage, delivering on the government’s Plan for Change, which will create growth and opportunities across the country
A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council, in a move that represents a major vote of confidence in the UK economy and the future of partnerships between the UK and the US.

The theme park, which is set to be one of the largest and most advanced in Europe, will bring nearly 20,000 jobs during the construction period, with a further 8,000 new jobs across the hospitality and creative industries when it opens in 2031.

Supporting the government’s Plan for Change to create economic growth and opportunities by getting people into well-paid, decent jobs across the creative, technology, tourism and hospitality sectors, Universal has committed to working with local colleges and universities to train the next generation of its hospitality workforce, including through a range of apprenticeships and internships.

As well as generating significant opportunities, the new theme park and resort will bring significant local benefits – with approximately 80% of employees at the theme park expected to come from local areas – and support a stream of ongoing work to unleash the potential of the Oxford-Cambridge corridor through growth, infrastructure revitalisation and further job opportunities.

Universal expects the site to generate nearly £50 billion for the economy by 2055, with 8.5 million visitors expected in its first year – becoming the largest visitor attraction in the UK. This will support the government to deliver its growth mission – creating higher living standards and putting more money in people’s pockets.

Prime Minister Keir Starmer said:

Today we closed the deal on a multi-billion-pound investment that will see Bedford home to one of the biggest entertainment parks in Europe, firmly putting the county on the global stage.

This is our Plan for Change in action, combining local and national growth with creating around 28,000 new jobs across sectors such as construction, AI, and tourism.

It is not just about numbers; it’s about securing real opportunities for people in our country. Together, we are building a brighter future for the UK, getting people into work and ensuring our economy remains strong and competitive.

The development, working with Bedford Borough Council, will be the first Universal-branded theme park and resort destination in Europe and will be part of a larger 476-acre entertainment resort complex.

Proposed plans from Universal Destinations & Experiences, a business unit of Comcast, include a world-class theme park with several themed lands featuring Universal’s distinct brand of immersive storytelling, thrilling rides, innovative attractions and exciting entertainment, all utilising sophisticated and advanced technology. Initial resort plans also feature a 500-room hotel and a retail, dining and entertainment complex.

Mike Cavanagh, President of Comcast Corporation, said:

We could not be more excited to take this very important step in our plan to create and deliver an incredible Universal theme park and resort in the heart of the United Kingdom, which complements our growing US-based parks business by expanding our global footprint to Europe. We appreciate the leadership and support of Prime Minister Keir Starmer, Chancellor Rachel Reeves, Minister for Investment Poppy Gustafsson, Culture Secretary Lisa Nandy and their teams, as we work together to create and deliver a fantastic new landmark destination.

Chancellor of the Exchequer Rachel Reeves said:

At a time of global change, this investment is a vote of confidence in Britain as a place to do business. Universal’s investment will bring billions to the economy and create thousands of jobs to the UK, putting more money in people’s pockets.

Mark Woodbury, Chairman and CEO of Universal Destinations & Experiences, said:

Bringing a world-class theme park and resort to the United Kingdom is a tremendous opportunity and is part of our strategy to introduce the Universal brand and experiences to new audiences around the globe. We appreciate the incredible support for our proposed project and look forward to bringing it to life in the years ahead.

As part of the Plan for Change, the government will commit to a major investment in infrastructure around the site to support the delivery of the project and ensure it is well connected and easily accessible. It comes just days after the government signed-off the expansion of Luton Airport, showcasing how the government’s pro-growth agenda is delivering real-life benefits for working people.

The deal supports the UK’s world leading creative industries, a growth-driving sector identified in the government’s modern Industrial Strategy, which will be published this spring. The Strategy will drive investment into high growth sectors, unlocking jobs and growth right across the country.

Universal Destinations & Experiences has a proven track record of building and operating major theme parks and resorts across the globe. A Universal development in the UK will join the company’s existing portfolio of destinations across the United States and Asia-Pacific.

The proposals remain subject to a planning decision from the Ministry of Housing, Communities and Local Government.

Additional details on the project:
- Please contact Universal Destinations & Experiences for artist impression and drone footage of the site: uprcorpcomm@uniparks.com
- Further details on Government plans for infrastructure investment around the site will be set out in due course.
- The theme park resort will be built on the former Kempston Hardwick brickworks. More information on the project can be found at universalukproject.co.uk.
- The theme park and resort is subject to planning permission, which will be considered at a later date.
April 10, 2025
PRESS RELEASE : Cutting edge tech introduced in social care [April 2025]
The press release issued by the Department of Health and Social Care on 9 April 2025.

Care leaders will be trained to use the latest cutting-edge technology to improve patient care, free up staff time and help people live independently in their own homes for longer.

In a bid to shift adult social care from analogue to digital as part of the Plan for Change, the Health and Social Care Secretary Wes Streeting has announced a new qualification that will equip care leaders with the skills to use and rapidly deploy technology across care homes and other settings.

The training will focus on tools which have been shown to improve the quality of care and reduce pressure on staff. This includes motion sensors that can detect and alert staff when a patient has had a fall; video telecare to allow remote appointments with doctors and carers to reduce the need to travel; and artificial intelligence which can automate routine tasks like note taking or predict when a patient might need additional care.

Care technologies like these will help people to receive the best possible care in the community and prevent avoidable trips to the hospital, reducing pressure on the NHS. It supports the government’s 10 Year Health Plan to make health and social care fit for the future.

Health and Social Care Secretary Wes Streeting said:

We will harness the full potential of cutting-edge technology to transform social care, helping people to live independently in their own homes and improving the quality of care.

By investing in skills training for care workers, introducing a Fair Pay Agreement, and providing more opportunities for career progression, we will help retain the incredible professionals we need.

Our Plan for Change will make sure we have the people and the skills needed to build a National Care Service.

Speaking at Unison’s 2025 National Health Care Conference, the Health and Social Care Secretary also outlined a series of wider measures to boost the recruitment and retention of care staff. The plans will professionalise the adult social care workforce and help staff progress in their careers, leading to better pay and recognition.

This includes:
- Setting up new job roles – like deputy managers, registered managers, personal assistants and a new enhanced care worker role – in recognition of increasingly complex care requirements. It will mean their skills will be recognised across the health service, so that GPs, doctors and other health professionals understand their expertise.
- £12 million to fund courses and qualifications for carers to develop new skills, build expertise and advance in their careers.
The boost for social care careers will support the 1.59 million strong workforce which provides vital care and support to people of all ages and with diverse, complex needs and is in recognition of the vital work they do.

The measures come as unpaid carers’ see the biggest rise in their earnings limit since the 1970s this month, and the first ever Fair Pay Agreement for the sector continues to progress through Parliament.

Baroness Louise Casey will soon begin her independent commission into adult social care which will look at how we recruit, retain and support the workforce as part of its focus on building a social care system fit for the future.

Background

Care Workforce Pathway
- The Care Workforce Pathway is the first universal career structure for the adult social care workforce. It focuses on direct care and support roles. The second part of the Pathway includes four further role categories to continue to match the breadth of careers in adult social care.
- The Pathway provides clear guidance for progression and development for professionals in the adult social care sector by outlining the necessary knowledge, skills, values and behaviours they will need in their work/practice. 8 It sets out how people can develop across a long-term career in adult social care with support and training; attracting people to join and remain in the sector and supporting sustainable workforce growth.
Level 5 Digital Leadership Qualification
- This new qualification will ensure adult social care leaders and managers have the skills they need to adopt digital innovations and new technology to help transform the sector.
- This supports the fundamental shift from analogue to digital in adult social care will support high quality, safe, efficient and person-centred care. This shift is dependent on the adult social care workforce feeling confident, skilled and supported to embed digital ways of working.
- Awarding Organisations can decide which technologies to focus on and these are included, but not limited to: smart home technologies, assistive technologies, technologies worn by staff, telecare, diagnostic tools, digital social care records, business software and AI and robotics technology. Further information can be found in the Level 5 Award in Understanding Digital Leadership in Adult Social Care Qualification Specification.
Publication of updated care certificate standards
- The Care Certificate standards have been refreshed to bring the contents up to date and in line with the Level 2 Adult Social Care Certificate qualification that was launched in June 2024.
- The Care Certificate Standards were developed for use in England and are the recommended minimum training, supervision and assessment that staff new to care (health and adult social care) should receive as part of induction and before they start to deliver care. It provides a foundation for healthcare support and social care worker roles, ensuring that the new worker can provide a compassionate and caring service.
International Recruitment Fund
- Additionally, the government will also reduce reliance on overseas recruitment for social care. £12.5 million has been made available for the international recruitment fund to tackle the exploitation of international care workers. This will help find new employment for displaced overseas care workers, prioritising those already in the UK before hiring internationally.
Learning and Development Support Scheme
- The Adult Social Care Learning and Development Support Scheme (LDSS) will continue in financial year 2025 to 2026, backed by up to £12 million. This scheme supports adult social care employers to invest in their workforce through funded training opportunities. Updated information has been published on GOV.UK: Adult Social Care Learning and Development Support Scheme – GOV.UK
- The Level 5 Digital Leadership qualification is eligible for funding under the Learning and Development Support Scheme (LDSS).
April 10, 2025
NEWS STORY : Tory Leader Kemi Badenoch Says that Tories Can Work with Reform at a Local Level

STORY

In a statement made today, Conservative Party leader Kemi Badenoch has indicated that local Conservative councillors may consider forming coalitions with Reform UK following the upcoming local elections in England on 1 May. While she has consistently dismissed the possibility of a national alliance with Reform UK, led by Nigel Farage, Badenoch acknowledged the pragmatic necessities at the local government level.

Speaking on BBC Breakfast, Badenoch remarked, “You don’t get to have a rerun of an election at local level, so what I’m telling local leaders across the country is they have to do what is right for the people in their local area.” She emphasised that any such coalitions should adhere to Conservative principles, including “sound money” and limited government intervention.

This development comes as the Conservative Party braces for challenging local elections, with expectations of significant losses in over 20 councils. The previous elections in these areas occurred during a period of heightened support for the Conservatives in 2021, following the COVID-19 vaccine roll-out. Given the anticipated shift, many councils are projected to enter a state of no overall control, increasing the likelihood of cross-party coalitions. The Labour Party has criticised the potential for Conservative-Reform alignments, suggesting they could perpetuate political instability. Despite some MPs advocating for a right-wing alliance, both the Conservative Party and Reform UK have publicly rejected the idea at the national level. Notably, over 60 Reform candidates in the upcoming elections are former Conservatives, indicating shifting dynamics within the right-wing political landscape.

April 10, 2025
NEWS STORY : Guardian Newspaper Claim Tory Peer Facilitated Ministerial Meeting for Canadian Firm Amid Funding Pursuit

STORY

Conservative peer Lord Ian Duncan of Springbank is under scrutiny for arranging a meeting between Canadian nuclear technology company Terrestrial Energy and UK nuclear minister Andrew Bowie while serving as an adviser to the firm. At the time, Terrestrial Energy was seeking government funding through the UK’s Nuclear Fuel Fund the Guardian newspaper has reported.

Duncan, a former junior climate minister and current deputy speaker in the House of Lords, joined Terrestrial Energy’s advisory board in 2020. Although unpaid, he received share options that could become lucrative following the company’s anticipated $1 billion public listing.

House of Lords regulations prohibit members from leveraging their positions for financial gain or engaging in lobbying activities. Ethics experts suggest Duncan’s actions may have breached these rules. He maintains that he merely facilitated contact and informally disclosed his financial interest. In July 2023, Terrestrial Energy and its partners were awarded £2.9 million, though there is no direct evidence linking the grant to the meeting.

This incident is part of a broader examination of conduct within the House of Lords which is being led by the Guardian newspaper, prompting calls for stricter regulations to prevent potential conflicts of interest.

April 10, 2025
PRESS RELEASE : Clean Power for Growth roundtable – UK-Italy bilateral statement [April 2025]

The press release issued by the Foreign Office on 9 April 2025.

The Clean Power for Growth roundtable took place at the Mattatoio in Rome on 9 April 2025.

The Rt Hon. David Lammy, UK Secretary of State for Foreign, Commonwealth and Development Affairs, and the Italian Vice-President of the Council of Ministers and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, co-chaired a roundtable in Rome today focused on clean power for growth, in the presence of His Majesty The King and the President of the Italian Republic, Sergio Mattarella.

Today, in the presence of His Majesty The King and of the President of the Italian Republic, we discussed the efforts of Italy and the UK to drive forward work on clean power for growth. We reiterated the commitments made in the Memorandum of Understanding on Bilateral Cooperation signed by the UK and Italy in April 2023, and the Joint Statement between Prime Minister Keir Starmer and the President of the Council of Ministers Giorgia Meloni in September 2024. We emphasised the importance for affordable, reliable, sustainable and modern energy for all, in supporting sustainable inclusive growth and development.

Energy security, accessibility, sustainability and affordability is important now and for future generations. We must embrace the opportunities we have to diversify energy systems, with all the benefits they bring. We recognise the important progress that Italy led during its G7 Presidency and through its Mattei Plan for Africa, and the UK’s new Global Clean Power Alliance. We will continue to promote this approach globally and through the International Energy Agency Summit on the Future of Energy Security in London.

We underline our commitment, in the context of a global effort, to accelerate the phase-out of unabated fossil fuels to achieve net zero in energy systems by 2050 at the latest, reaching Paris Agreement goals and COP28 Global Stocktake outcomes. We recognise that in a complex and changing geopolitical context, energy security, affordability and independence have become a priority. In this scenario, we underline that energy security is strongly linked to the energy transition and reiterate the need to take advantage of all decarbonisation solutions and technologies, while recognising different national pathways. We will work together to accelerate all opportunities offered by the transition to clean energy, including stimulating economic growth, unlocking new innovations, maximising clean alternatives and nature-based solutions, and creating new skills and jobs, to establish energy systems that are more resilient. This provides the most effective route to ensuring energy security and energy affordability, whilst also delivering long-term prosperity. We will demonstrate clean power leadership through the G7, G20, UN General Assembly, COP30 and beyond.

We are committed to working together on the challenges now and in the future around clean energy supply chain resilience and to promoting just, secure, sustainable and inclusive energy transitions. Both the UK and Italy are pushing economic growth opportunities through our vibrant clean energy industrial bases, recognising that new partnerships on clean power supply chains will be essential in supporting this. This is why Italy and the UK will work together on this agenda. We also recognise the need to support Africa’s ambitions and efforts to develop adequate clean energy infrastructure and supply chains, in a spirit of equitable and strategic partnerships. We welcome the partnerships forged between UK and Italian energy companies. We are committed to deepening these further.

April 10, 2025
NEWS STORY : UK and India Seal £400 Million Trade and Investment Package to Drive Joint Growth

STORY

The United Kingdom and India have announced a series of trade and investment agreements totalling £400 million, aiming to bolster economic growth and strengthen bilateral ties. This development emerged from the 13th UK-India Economic and Financial Dialogue (EFD) held in London on April 9, 2025. Chancellor Rachel Reeves and Indian Finance Minister Nirmala Sitharaman led the discussions, resulting in a joint statement that unlocks cooperation across various sectors, including defence, financial services, education, and development. The agreements comprise £128 million in new export deals and investments, supplemented by recent deals worth £271 million.

A notable highlight is Paytm, India’s largest digital payment app, announcing plans to invest in the UK to enhance access to affordable digital payments and credit for small businesses. Chancellor Reeves emphasised the importance of these agreements in the context of global economic challenges, stating, “In a changing world, it is imperative we go further and faster to kickstart economic growth.” She underscored the government’s commitment to negotiating trade deals that support British businesses and enhance economic security.

The EFD also facilitated discussions on advancing a Free Trade Agreement and a Bilateral Investment Treaty between the UK and India. Both nations expressed optimism about finalising these agreements, with approximately 90% of the Free Trade Agreement reportedly settled. Key areas of focus include reducing tariffs on UK exports such as whisky and automobiles, and improving market access for British professional services. Business and Trade Secretary Jonathan Reynolds highlighted the significance of these developments, noting that they reflect a shared ambition to deepen cultural and trading ties. He emphasised that the agreements are expected to create new opportunities, support jobs, and attract investment in both countries.

April 10, 2025
PRESS RELEASE : Now is the time to generate growth together with India [April 2025]
The press release issued by HM Treasury on 9 April 2025.
- £400m of trade and investment wins set to boost the British economy and deliver economic growth and security for working people.
- Chancellor Rachel Reeves and Indian Finance Minister Nirmala Sitharaman announces joint statement unlocking cooperation across a range of business sectors.
- Business and Trade Secretary Jonathan Reynolds and Minister Sitharaman bring together key business leaders from both the UK and India to drive economic growth.
£400m of trade and investment wins are set to boost the British economy and deliver economic growth and security for working people as the government vows to back British business through uncertain global times.

Today (Wednesday 09 April), the Chancellor and Business and Trade Secretary took part in the 13th UK-India Economic and Financial Dialogue (EFD), marking a significant moment in unlocking opportunities as the two countries look to strengthen economic ties and secure a Free Trade Agreement and Bilateral Investment Treaty.

Rachel Reeves, Chancellor of the Exchequer, said:

In a changing world, it is imperative we go further and faster to kickstart economic growth. We have listened to British businesses, which is why we’re negotiating trade deals with countries across the world, including India, so we can support them and put more money in people’s pockets as part of our Plan for Change.

Our relationship with India is longstanding and broad and I am delighted with the progress made throughout this dialogue to develop it further.

Today’s EFD was Chancellor Reeves’ first with India. It saw the signing of a joint statement unlocking cooperation across a range of business sectors, including defence, financial services, education and development, and strengthened governmental collaboration across growth, economic resilience and international financial issues.

The government is working to make Britain the best country in the world to do business, already bringing in more stability, offering an open trading economy and creating the right conditions for investment.

At the London Stock Exchange today, the Chancellor and her Indian counterpart set out plans to generate growth, improve our Financial Services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance.

The total commercial package from this dialogue is made up of new announcements worth £128m in export deals and investments, as well as recent deals worth £271m. This includes:
- Paytm, India’s largest digital payment app, announced plans to invest in the UK to accelerate access to affordable digital payments and credit for small businesses.
- Barclays Bank PLC India announced on 18 March a further capital injection of over £210M into its Indian operations, affirming its long-term commitment to India. This capital investment will grow its businesses across the Investment and Private Banking in India.
- HSBC Bank will expand its presence from the current 14 cities to 34 cities in India. This significant expansion will enable the bank to cover approximately 95% of India’s wealth market, reinforcing their commitment to India.
- Standard Chartered Bank today announced that it has shifted to larger office premises at GIFT City, reinforcing its long-term commitment to India’s premier international financial services hub.
- Mphasis, an Indian tech business, are setting up a quantum centre of excellence in London and exploring an office in Nottingham which will support 100 jobs.
- British International Investment Plc (BII) is committing $10m to the agritech start up, Grow Indigo, to pilot an innovative carbon credit programme to promote regenerative agricultural practices in India.
- WNS, a global digital-led business transformation services company founded in India with a $2.7bn market cap, will expand their London HQ presence with a new office and open a state-of-the-art AI design hub to expand the UK’s AI and digital talent pool to drive growth and create jobs.
- Revolut announced that they are gearing up for launch in India later this year, following authorisation this week from Reserve Bank of India.
- UK firm Wise announces plans to open a new office in Hyderabad, India as part of broader mission to transform the trillion-pound international money movement market.
- Prudential’s announcement of launching their first fully owned global services hub in Bengaluru and third joint venture in India establishing a standalone health insurance business.
- British International Investment invest $15m investment in vehicle dedicated to investing in India based on inclusion-focused early-stage companies.
- The UK welcomes India paving the way to allow Indian companies to list internationally and exploring listing at the London Stock Exchange. The India-UK Financial Partnership published its report ‘Catalysing Bilateral Growth: Connecting India and the UK’s Equity Capital Markets report’. The report aims to lay the foundation for advancing capital account connectivity and strengthening confidence in both markets and will be presented following the EFD.
- Coventry University announced today that it is set to become the first English university to be granted a licence to open a campus in India, as UK universities are being granted licences to open a campus in India’s new GIFT city. And the London School of Economics announced that Tata Trusts is continuing its enduring partnership with LSE by awarding a Corpus Grant to support scholarships for Indian students at the School.
- Agreement for both sides to continue excellent collaboration as co-chairs of the G20’s Framework Working Group and to work closely together to promote discussion and build consensus around responses to risks to the global macroeconomic outlook.
- New ambitions set for joint investments in green enterprises, tech start-ups and climate adaptation building on the success of the UK-India Green Growth Equity Fund (GGEF).
Secretary of State for Business and Trade Jonathan Reynolds and Minister Sitharaman also today hosted a business roundtable, bringing together key leaders from the financial and professional business services sectors including Tide, HSBC, Aviva, Vodafone, WNS, and Mizuho International. Attendees recognised the strength of the economic relationship between the UK and India, as well as the opportunity for closer collaboration – including through an ambitious trade deal.

Areas for collaboration on defence were also identified, as both sides looked forward to the finalisation of the India-UK Defence Industrial Roadmap, set to strengthen ties between industrial sectors and integrate supply chains.

Secretary of State for Business and Trade Jonathan Reynolds said:

I was delighted to meet with Minister Sitharaman, hear from businesses, and discuss how we can strengthen the strong economic bonds between our two nations.

Both the UK and India are committed to delivering economic growth and giving businesses the confidence and stability they need to expand.

That is why we are continuing to negotiate towards an ambitious trade deal that unlocks opportunities both at home and abroad for British businesses and supports our Plan for Change.

The UK and India have strong economic, cultural, and education links, with India being a key trading partner for the UK with over £40bn worth of UK-India trade last year alone. The UK’s long-standing programme of EFDs with India is the critical forum to deliver continuous economic gains over time.

The EFD follows a recent visit to Delhi by Jonathan Reynolds, the Secretary of State for Business and Trade, which relaunched UK-India trade negotiations.

Keshav R. Murugesh, Group CEO, WNS said:

The UK and India stand as natural partners, and this re-energized trade and investment relationship marks a pivotal stride in our already strong alliance. The potential before us is immense. By formalizing our collaboration in pioneering fields like AI, we will not only fuel innovation and generate high-skilled jobs in both our nations, but also solidify our joint leadership in this transformative era. This is indeed a thrilling chapter for the UK-India partnership.

Bill Winters, Group Chief Executive, Standard Chartered said:

In the face of global developments, it is imperative that we think creatively and act in partnership. The UK and India’s focus on strengthening financial ties and deepening cooperation between our governments, regulators, industry leaders and experts, plays an important role in driving economic progress, setting global benchmarks for stability and innovation and paving the way for greater trade and investment in both countries.

The Rt Hon The Lord Mayor of London, Alderman Alastair King,

We had a highly constructive discussion with Hon. Minister Nirmala Sitharaman and The Rt. Hon. Jonathan Reynolds, joined by leaders from across the financial services sector. There is a strong, shared commitment to deepen our economic partnership and drive greater prosperity—particularly in key areas such as green finance, infrastructure investment, and fintech.

Global trade is entering a new era, where strategic alliances and trade agreements are more crucial than ever. As we look ahead to the UK-India Economic and Financial Dialogue and continue FTA negotiations, our focus remains on sustaining momentum and delivering tangible outcomes in the months to come.”

David Schwimmer, CEO, LSEG said:

LSEG is honoured to host the 13th UK-India Economic and Financial Dialogue at the London Stock Exchange as part of our continued support for initiatives that promote collaboration and connectivity between UK and Indian financial markets. Through deepened partnership, the governments and regulators from both countries can help to build an environment which delivers real benefits to their financial markets and economies.
April 10, 2025