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Lord Leong (Lab)

Speaking in the House of Lords on 18 June 2026

Debate

Steel Tariffs

Contribution

First, I thank the noble Lord for all his work when he was a Minister in having conversations with the Indian Government. We should be celebrating and we should all be delighted that the landmark UK-India trade deal will now finally take effect from 15 July, delivering benefits for businesses and working people across the United Kingdom. This agreement, which is the most comprehensive India has ever concluded, is expected to boost UK GDP by £4.8 billion, increase bilateral trade by around £25.5 billion annually and raise real wages by £2.2 billion. Key sectors will benefit from this substantial tariff reduction, including exports of whisky, automotive products and cosmetics. I will write to the noble Lord on CBAM.

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