 with Tata Group Chairman Natarajan Chandrasekaran today Credit: PA 2 Tata Group will invest over £4bn in a brand new UK gigafactory Credit: Reuters The business, which owns Jaguar Land Rover, will invest over £4 billion in a new UK gigafactory . The facility will create up to 4,000 new highly skilled jobs, alongside thousands more in the wider supply chain. It will be Tata's first gigafactory outside of India and the largest in Europe . The PM said: "Today's announcement is a fantastic vote of confidence in the UK." "Across the world, international businesses are showing that they are confident in the UK economy. "They're putting money behind that confidence and that is going to create real jobs and opportunity here at home." Mr Sunak added: "People should feel confident about the long-term future of the economy and we are taking advantage of the opportunities that Brexit brings to deliver real benefits and opportunity, jobs to people." At the Land Rover store the PM refused to comment on mounting speculation a cabinet reshuffle could happen this week. Mr Sunak said: "You would never expect me to comment on things like that. "What I'm determined to do is just deliver on the priorities that I set out for the country - halve inflation, grow the economy, reduce debt, cut waiting lists and stop the votes." New figures today showed inflation fell from 8.7% in May to 7.9% in June. The Office for National Statistics said falling prices of motor fuel was the biggest contributing factor to the changed rate. And while food prices did rise in June, they increased by less compared to June 2022. Commenting on the){kind=link}
BRITS should be excited about the future of the economy as foreign businesses are backing Brexit, Rishi Sunak said today.
Visiting a Land Rover store in Warwickshire, the PM hailed a huge new deal struck with the company Tata Group.
The business, which owns Jaguar Land Rover, will invest over £4 billion in a new UK gigafactory.
The facility will create up to 4,000 new highly skilled jobs, alongside thousands more in the wider supply chain.
It will be Tata’s first gigafactory outside of India and the largest in Europe.