Good News? A £4bn gigafactory and inflation drops.

Tonight with Andrew Marr · Jul 19, 2023 · 50m

Two good-ish bits of news today for a change; inflation has fallen more than expected to 7.9% in June and the TATA Group have unveiled plans for a £4bn gigafactory in somerset that's expected to create 4,000 jobs.

The inflation figures might mean the Bank of England cuts interest rates in August which would be a huge relief for mortgage holders.

The TATA gigafactory announcement was used by the government to try and demonstrate how good the UK was for investment - but the government had to disclose the amount of subsidies they are providing the company to open this factory here.

Joining the…