Charlie Maynard

Charlie Maynard

Liberal Democrat — Witney

Speaking in the House of Commons on 9 February 2026

Debate

UK-India Free Trade Agreement

Contribution

I refer Members to my entry in the Register of Members’ Financial Interests regarding the business that I founded in 1996, BDA partners, in which I still hold a stake but have no role or responsibility. Economically, this agreement offers some benefits. As per the Government’s impact assessment, and as the Minister stated, the UK’s gross domestic product is estimated to increase by 0.13% as a result of this FTA. That is equivalent to £4.8 billion. That is in the long run— 0.13% by 2040. Let us put that into context: the hit to our economy from Brexit is around 6% to 8% of GDP—in the region of £210 billion—so its impact is 44 times larger. That is now, compared with the 0.13% we get in 15 years’ time.

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