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UK in ‘difficult’ talks over greater access to India’s financial sector

Lord Mayor of London says negotiations will go ‘right up to the wire’ as deadline nears

UK negotiators have the “difficult” task of winning greater access to the Indian market for financial companies in a trade deal they hope to seal with New Delhi next month, the Lord Mayor of London has said.

Vincent Keaveny acknowledged in an interview that India might reject British calls to ease its tight restrictions on foreign financial services firms.

The Lord Mayor is a largely ceremonial figure who heads the City of London Corporation, the local authority for London’s financial district, and lobbies for the UK financial services industry internationally.

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