The Bank rate was cut in August but many analysts do not expect any further reductions this year.

The UK government is calling this the largest commercial deal of its kind and expects it to create more than 7,600 "high-quality jobs".

Borrowing costs are not guaranteed to come down much more than they already have, even after this week's rate cut.

The Federal Reserve makes its first cut to interest rates since 2024, and signals more to come.

While UK inflation held steady in August, the pace of price rises for food surged, increasing cost of living pressures.