India-UK trade deal and social security pact come into force
India and the United Kingdom have brought into force their Comprehensive Economic and Trade Agreement, alongside a separate social security arrangement, in a move both sides say will deepen economic ties. The agreements took effect on Wednesday and are expected to change tariff treatment on a large share of goods traded between the two countries. Prime Minister Narendra Modi described the step as a significant moment in the bilateral partnership.Under the trade pact, 99% of Indian goods entering the UK and 90% of UK goods entering India will either be duty-free or face reduced tariffs. The parallel Agreement on Social... [Continue Reading]
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Social Security has gained more than 350,000 foreign contributors in a year and exceeded 3.4 million in June
Contributors from other countries now account for more than 15.4% of all national insurance contributors. "Foreign contributors support strategic sectors such as care, agriculture, construction, hospitality, transport and healthcare, and we can see this in the sector-by-sector employment figures," explains Minister Elma Saiz. Social Security has once again recorded a record high number of foreign contributors both in terms of average number of contributors and seasonally adjusted figures. Specifically, there are 3,446,178 contributors on average in April, which is 86,630 more than in the previous month and 350,163 more than a year ago. This figure puts the year-on-year change at... [Continue Reading]

