the plant will be in somerset, and it s expected to create 4,000 jobs and thousands more in the wider supply chain. tata says it will invest £4 billion in the site, but it s also understood that the government is providing subsidies worth hundreds of millions of pounds. here s our business editor, simonjack. this field in somerset will be the site of a £4 billion battery factory, with jaguar land rover as its cornerstone customer. the prime minister visited jlr s gaydon plant today to celebrate a deal that the government offered significant financial incentives to secure. well, this is a fantastic day for the uk, this is one of the largest ever investments in the uk s auto sector that we ve ever seen, billions of pounds of investment, thousands ofjobs created, and that s why it s such a positive day. how much in grants and subsidies? some people put it at £500 million, is that number right? when i was chancellor, i set up something called the automotive transformation fund, and that
close the door fast enough. it thought up to 5000 people may have been affected, including ken wright, a rising star in the raf, when he revealed he was gay. i was on track for a promotion. i d just been awarded a personal commendation from the commander in chief. and i met my now husband, colin. we ve been together 35 years, and i thought i d tell the truth. so i admitted, thinking that would be the easy way. and i lost everything. today, for the first time, the prime minister said sorry for the wrongs of the past. in that period, many endured the most horrific sexual abuse and violence, homophobic bullying and harassment, all while bravely serving this country. today, on behalf of the british state, i apologise. the apology comes as an independent review has been published looking at the impact of the ban. lgbt veterans will say this report has been decades in the making. it has more than 60 recommendations, including financial compensation. and for many, it s the apology they heard
it could fall below 7% soon due to falls in domestic energy bills. producer price inflation, a measure of raw materials prices, actually turned negative because of a fall in global oil prices. the area around southampton water perhaps the best place to see the inflation that s been flowing into the uk from around the world. now that s on the decline, but it still remains higher than in other similar countries. inflation should be falling more sharply, and that s because the raw materials coming from around the world to a place like this, whether it s crude oil going into that refinery, grain going up to the port, or the container ships full of goods going up to the port, those prices have been falling. they ve not all been passed on to consumers, and the bank of england and the government have started to point towards a rebuilding of profit margins by companies as a major factor. motoring organisations say petrol prices should have fallen even more and may have kept the overall inflati
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100 people a day are being helped here, including some with full time jobs. it s the worst we ve seen it. we re preparing ourselves for winter again, because, you know, having to heat your home increases your costs. we re still getting ourselves ready for quite a brutal winter again. the rise in the cost of living continues to eat into living standards, but today s figures could represent a turning point. faisaljoins me now. so interest rates, people s mortgages, loans, what will this fall in inflation mean? these figures, the hope is they are a turning point and they are being seen like that in the markets. the markets have seen some troubling signs in terms of uk s inflation prone nature and they have put up the cost of government borrowing because they have assumed the bank of england will have to rise in interest rates above 6%. because of today s figures they have won some