Huge boost to UK car industry as Jaguar Land Rover plans flagship ‘gigafactory’

Inflation has eased more than expected, falling to 7.9%.
(Subscribe: bit.ly/C4_News...)
That's led to predictions that interest rates may not go up as much as feared.
The markets now expect them to peak no higher than 6% by end of the year - still an eye watering increase on a year or so ago.
The fall in inflation was driven by a sharp drop in the price of fuel. Food prices are still rising, but at a slower pace.
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[@ChiSa123]

Tata has been in the UK since 1907! Tata has been operating their Europe operation mainly in the UK for decades! They have 60000 employees in the UK! They stayed because of the convenience offered by the UK! £500 million is nothing for a company worth more than $311 billion! The TATA group is the biggest private sector employer in the world! i.e. not controlled by any govenrnment! (so chinese companies don't count!) Also, at least 66% of Tata shares are held by various charities started by Tata! These are free educational institutes (e.g. schools, universities etc.), research facilites, free speciality hospitals (e.g.cancer) etc.

[@Renovomotorsscooters]

ratan tata donats most of tatas earnings to charities

[@kausikgupta6846]

TCS- SOFTWARE TATA CHEMICAL- BATTERY TATA STEEL- CAR BODY Now need TATA Semiconductors to build an independent EV company.

[@Monti429]

Uk Sunak is doing fantastic job. Hope UK lift up

[@charishraju2007]

Sunak’s Mom in law was the first female engineer at TELCO (now Tata Motors) way back in the 70s

[@bigbarry8343]

good to know.

[@hemants5822]

Yes .. Sudha Murthy started her career with Telco now TATA motors

[@rajdipchowdhury8987]

It's an indian company, Tata doing it

[@pcp3457]

Its British Brand , With Indian Ownership

[@polpojliekwanjaroen3511]

​@pcp3457 They could've just used the money for the Tata deal to support Britishvolt contructing their own factories. That way, they would support their own uk start-up, which is better for the British car industry in the long run. But no, they would just let home-own start-up fails and be bought by foreign investors, and then hire foreign company to do the job instead. Just why???

[@mattjohns-mammoodan2144]

Shut up , all new models and better cars produced Indians ​@@pcp3457

[@BsktImp]

In the meantime BT Group plans to cut between 40,000 and 55,000 jobs by 2030, the bulk of which will be among the 80,000 employees in the UK. Well at least the ying and yang balance out I suppose...

[@morayoung3183]

Whete ate these figures , are coming from of employment and dtsghing even tired ppeople to work, whete are the jobs, to pup up the figure, chesti g it is not the solution to inflation. The economy is slowing down, becaudr all our blood money is going to Ladeski pockets and their evil plans are backfiring, we ate facing a freezing cold wintet without gas and electricity and there is no more money for dream on proyects abd. Pavks to impress the votets. We ate no fools.

[@strangemagic5502]

I suspect this is untrue as this would have been highlighted on the news. Unless you can provide some form of proof

[@BsktImp]

@@strangemagic5502 Please tell you're not allowed to vote. The most cursory of searc hes will lead you to the story c. 18 May 2023.

[@strangemagic5502]

@@BsktImp yes but which source did you collect your information from? It was a simplistic question I initially asked and I'm sure you are competent enough to tell me

[@victorchong1557]

I wont be surprised if these jobs will be outsourced to India 😂

[@Jabberstax]

The UK government gave Siemens billions to open a chip manufacturing plant in England. It closed less than 3 years later 😂

[@kroy8564]

TATA brand is known for ethics, quality, commitment and also TATA take care for their employees also. Salute to the Founder, Jamshetji Nussarwanji TATA of India.

[@paxundpeace9970]

2nd highest core inflation figure. Inflation is even higher then it was to months ago.

[@juanvga]

Sounds like a bluff of a country in decline

[@ronakio]

Go away.

[@rajdipchowdhury8987]

Indian power 😊

[@frozenrobert5735]

Earlier this year, in Canada the PM announced 2 massive EV plants -- one for VW, the other for Stellantis. Yes, there will be lots of jobs, but the huge amount of sheer corporate welfare needed to attract these multinationals makes one wonder about the overall net benefit to the country.

[@manh9105]

correct , pls oppose the project ...

[@bigbarry8343]

giving foreign companies prized British assets was crazy. Subsidizing foreigners to run it is just beyond the pale.

[@jayplay8140]

"so how much of my money did you spend" "not telling, just trust me" "how about no?"

[@bryangeake5826]

Boost??? Tata were bribed with £500,000,000 of public money to not go to Spain!!! If we were still in the EU that bribe would have been unnecessary!!

[@ssryr6427]

Lol TATA 60% shares are with various Charitable trusts around world they're not as greedy as an average European😂😂TATA owner himself doesn't have future family to look after this company ,he lives in a smal flat in Mumbai City ,grow up.😂

[@Renovomotorsscooters]

tata should invest in india and export to eu

[@bryangeake5826]

@@ssryr6427 You are talking today claptrap, Tata have been bribed with public money to stay in the UK, it took 500,000,000 pounds worth Todo it!

[@cliverosfield69]

​@@bryangeake5826that's called "subsidy",ya moron!Can't expect the descendants of looters and thieves to understand any any of this btw

[@YOUTUBE_AMERICA]

​@@bryangeake5826 Tata is working in UK since 1907 Have some respect All companies bribe govt that's how job is created

[@huwzebediahthomas9193]

Correct your title C4, you've repeated the same one from the previous vid.

[@mdfaisal216]

when inflation increases it rises hard later things slows down seems its improving which is in reality increasing .

[@wayned3375]

2026 is so slow if we want electric cars to be a success in this country it needs to be as quickly as a country like china would mobilise to build a factory it corrugated iron and machinery to build the machines retool people and tech from rolls Royce and using British airways tech to make the cars aerodynamic that’s what makes wining partnerships let’s not forget the conservative government sold jaguar Land Rover so a partnership now is a great idea for British business

[@Draxindustries1]

It's about time the JLR name was abandoned. These are Indian cars and should be renamed TATA..

[@mistervo8185]

At least Brits have their sovereignty back?

[@marvintpandroid2213]

To give tax money to private companies? how is that for taking back control?

[@Adnaan98-ONIIL]

@@marvintpandroid2213we could never do this under the EU. We are so lucky to be out of that union. When we were in the EU we were subsidising third world countries like Romania Bulgaria and Poland now at least we are subsidising a company that will invest in our country. As a sovereign nation we can invest in the whole world and compete with the world on our own terms. We don’t have to be in a union with Romania Bulgaria Poland who are not on our level in terms economy or anything else we don’t have to be on their standards how can we be compared or follow the same rules of countries that just came out of communism in the 90s that is shocking.

[@dexterminador]

​@@Adnaan98-ONIILShame on you: Poland, Romania and Bulgaria are thousand times better than idle english and curry indians

[@marvintpandroid2213]

@@Adnaan98-ONIIL Lol, the UK government could have always done it, the French, Spanish, Italian and German governments all do it. How much money did the government give Rover, Honda in the last 30 years

[@Adnaan98-ONIIL]

@@weird-guy stop making false claims Ireland is the fastest growing economy in the EU and you came out of communism in the 90s you can’t compete with UK Germany France Italy. Your gdp is 700 billion lol UK gdp is nearly 3 trillion so calm your self down. The whole of Eastern Europe are beggars that get money from Western European tax payers via the EU without those funds you would not even survive so don’t bite the hand that feeds you communist. If your economy is so strong don’t take any money from other nations taxpayers for your infrastructure and sewerage systems.

[@georgegraham472]

predicted demand is increasing rapidly - predicted demand

[@thehumancanary131]

British car industry?? Jaguar is the brand of a company in India called Tata!!

[@datsun1205]

the business and assets owned by tata. still the brand is British. and the manufacturing still in britan

[@thehumancanary131]

@@datsun1205 Yup...and the profits go back to India to be invested in another company to flood the UK with cheap goods!

[@RPS112k0]

​@@datsun1205nope Range rover has manufacturing units in India too

[@datsun1205]

@@RPS112k0 but still its british brand

[@yugmathakkar4023]

@@datsun1205 Owned by India, but sure

[@Paul-nr6ws]

Is it a coincidence that an indian pm married to an Indian billionaire is giving hundreds of millions of British tax money to an Indian owned company?

[@balajeepratham8200]

THAT Indian owned company will create thousands of jobs

[@dexterminador]

Why those indians do not "invest" in their OWN COUNTRY? Do they not "trust" in their country but rely in a British indian PM? "Is it all about subsidies, hidden bribes and corruption ? At the end of the day: taxpayers will pay for it indeed

[@marvintpandroid2213]

@@balajeepratham8200 Can I get a couple of billion of your money on a promise to employ a few thousand people and take away that profit for myself?

[@balajeepratham8200]

@@marvintpandroid2213 If you don't give, many countries are willing to pay

[@marvintpandroid2213]

@@balajeepratham8200 so you are OK with unknown billions of your money going to a private, for profit, company who will take those profits back to India? Do you believe in capitalism for all?

[@Oldfogey2014]

What’s happened to Britishvolt? I hope it’s not a precedence.

[@huwzebediahthomas9193]

Why is he smiling? He looks as if he's trying to sell you a dental plan.

[@Frederique41]

I need one , 5 years ago 🎉

[@prakashsingh777]

Great to see the biggest Indian Conglomerate Tatas investing big in UK!

[@Ak-ue2yq]

Rishi is very effective PM 👍

[@niksmedia1947]

Rishi's mother in law was a TATA Employee and she may have huge number of tata shares,

[@ssryr6427]

She herself owns Infosys Technologies which far ahead then TATA in IT.😂

[@shivamparashar6334]

His mother in law is a owner of Infosys, a rival of Tata group in IT sector. And even if she have tata share it is not a big deal, even I have tata share.

[@svanimation8969]

​@@shivamparashar6334hello there companies arrival company of Tata TCS IT company?😂

[@DSR12345]

All the Brit media houses are highlighting in the title that Jaguar Land Rover are doing this. Instead its just TATAs.

[@debadityagautam8513]

They can't swallow the bitter pill.

[@DSR12345]

@@debadityagautam8513 India also has the highest FDI in that island.

[@cliverosfield69]

​@@DSR12345second highest after USA

[@akalilKhiar-vd9pw]

UK it's dreamm

[@randomdaveUK]

Anyone else thinking the only things that differentiated the UK from the other economies are the Tories & Brexit

[@chrissywhiskers]

Bingo. And yet people still vote for them.

[@aleph8888]

More lobbyists in Brussels than Washington DC and London put together. Big business loves the EU.

[@randomdaveUK]

@@aleph8888 well they're not going to setup in the UK when it costs an arm and a leg to trade with their neighbours. They can just setup in Germany instead, like Musk did with his 10000 job gigafactory 🤷 UK really has shot itself in the foot

[@epicmonkeydrunk]

​@dondoodatnot when the whole place is chaos

[@videogalore]

Great use of what would otherwise be a difficult piece of land to develop due to its past. We are a long way behind the rest of the world for making electric cars, so this is very welcome news. A shame that Channel 4 chose a model as the screenshot that isn't their electric version, but that's minor in the report thankfully. Looking forward to breathing the air in 10 years time as it will be so much better than it is now!

[@MrAndyblue52]

Tool

[@videogalore]

@@MrAndyblue52 They'll certainly need a few of those!

[@marvintpandroid2213]

Paid for with your taxes

[@sonofsomerset1695]

Better than wasting it on diversity managers in the NHS, at least this will generate income.

[@VinayKumar-db4qz]

Tata should build it's factory in India.

[@marathmolatechie]

NOT JLR its TATA who has decided to invest iN uk

[@pankajgoel5354]

Why are Tata doing it in the UK? Public is not ready for this. The average Brit has no clue about much about anything it seems like. Tata should do it somewhere else. Do it in their own home country India. India gives billions in incentives to companies each year and they could easily top this pitiful amount from the UK. I fail to understand the logic behind Tata choosing UK over Spain or India when Spain is in the EU, and UK is not and India is their home country. I must be missing something.

[@maxrockatansky5657]

Yeah, you miss something, education in economy and business.

[@cliverosfield69]

​@@maxrockatansky5657then prove him wrong dumbo

[@svanimation8969]

​@@maxrockatansky5657still not understand UK have less consumer than European Union any day😅

[@raghunandanbs2005]

They are already building a factory in India bruh

[@TanvirAlif]

UK is getting FDIs from India and here is Bangladesh we still don't have a automobile industry. Cars cost a fortune. A 20 year old Corolla 1.5L would cost $8-11K. It used to be 10-14 but the taka lost it's value by 28% and those old car prices haven't increased that much do it looks a little cheaper. I wish we had a civic. We don't even have a car. 😞

[@stylishboy004]

I am sorry to hear that. I am from Pakistan and it's even worse here.

[@TanvirAlif]

@@stylishboy004 Cars are way cheaper in Pakistan compared to BD. We have to pay upto 840% tax. You could get a used civic for pkr 5.5 mil. In Bd a the price is bdt 4.5 mill which is over pkr 11.7 million. Pakistans GDP per Capita was higher than ours 2 years ago interms of PPP.

[@stylishboy004]

@@TanvirAlif okay. if u say so.

[@TanvirAlif]

@@stylishboy004 Bro my father owns 2 appointment in Dhaka. Not luxury apartments but decent ones in Bangladeshi standards. I live in one and the other one is put to rent. Price of the 2 appointment would be around BDT20 million (PKR52.2 million) and yet we don't have a car. We had one 5 years ago and had one when I was a kid. Cars are very expensive here. Price was always very high but last year it jumped as taka fell by 29%. Through out the world price increased because of war and COVID. We might have more dollars than you guys have but the purchasing power is lower here. Only 0.4% have cars, not even half percentage. In India it's 7% and in Pakistan 1.8% . I like driving but sadly for me I live in BD where the tax rate is highest for some categories of cars. A 5 year old car was around 400K and the tax was 1.2 million (300%) so the final price was 1.6 million BDT. Not PKR. Even electric cars had 100% tax. But last year they increased it. Gasoline cars over 4L engine have to pay 840%. A Lamborghini would cost 9.4 times the of the actual price (940%) that's why we don't have a Lamborghini in Bd. 1 McLaren came this year before that we didn't even have 1 McLaren. Still now no Aston Martin. There are 3/4 Ferraris and 2 classic Ferraris. The last time I a car drove was in 2019. I like driving so it bothers me a lot. People in Pakistan drive civics. Here those cost a lot. Wish I could move to a different country and drive. I learnt driving before my 21 birthday and I could ride motorcycle when I was only 15. This is because we didn't have cars and I didn't have access to driving. Have a good day. Hope Pakistan comes out of this bad situation and also the price of goods fall in Bangladesh.

[@LOL-em6kl]

Here we have lot of options such as Hyundai, Manindra, Maruti Suzuki, tata, tvs, royal Enfield, bmw,etc Recently my brother brought Ola electric scooter for ₹175000, Ola is also indian start-up company!

[@aaroninky]

huge boost for the country … at some cost too. amazing, throwing every incentive at a headline-grabbing deal. the usual parade of piteousnesa from the tories.

[@sonofsomerset1695]

At least it proves remainers wrong yet again, enjoy.

[@aaroninky]

@@sonofsomerset1695 wrong in what way? the national economics speak for themselves.

[@cliverosfield69]

​@@aaroninkyit will improve over time,stop whining about it

[@michaelrch]

On the subsidies to this project, it's equivalent to *2 weeks* worth of subsidies going to the fossil fuel industry. Always with the selective outrage...

[@andyballard1883]

This will be a sink hole for public money, mark my words Tata will be back cap in hand for additional subdidies. Also I may be wrong but don't they have previous form for this duplicity in the Steel industry ?

[@rupertharvey3946]

Oh, oh ...doom & gloom....just be positive

[@andyballard1883]

@@rupertharvey3946 ok then I am POSITIVE they have form for doing this in the Steel industry. How much public money went into the Welsh startup battery factory that the Australian company responsible are now under fraud investigation in their own country.

[@ukporkpie7829]

They do have form, you're right. This might not be the same comparison though.

[@michaelrch]

The subsidies to this project, are equivalent to *2 weeks* worth of subsidies going to the fossil fuel industry.

[@andyballard1883]

@@michaelrch two wrongs don't make a right and as I said they have form for being slippery so it's only the Governments desperate need to rebrand post Brexit Britain a success which is letting this happen.

[@polpojliekwanjaroen3511]

Instead of using millions of pounds to secure the deal with Tata to build factories in the UK, why don't they use it to support Britishvolt to finish their battery factories so that they can have their own British company to manufacture British-made battery and paving the way to revitalise the UK car industry? Instead, they only hired Indian company to create jobs when they could support the growth of the British company. It seems the government isn't that enthusiastic about supporting their own country companies and start-up at all. What a shame.

[@kevincurrington1331]

And it's India 😅

[@sonofsomerset1695]

Remainers proven wrong yet again, unlucky Channel 4.

[@aafiaturkey6748]

Sunak giving billions in tax subsidiary to his Tata cousins, whilst the NHS crumbles

[@ssryr6427]

Lol look at these funny comments,TATA 60% shares are owned by various Charitable trusts around world and TATA owner himself doesn't have future family,he's a single man living in a small house in Mumbai City ,grow up 😂

[@deepak.mahadev.k]

So let me understand this, UKs people are not skilled to work in new age technologies Their people don't have jobs No new industry is coming to UK UKs economy is sinking, UK is far behind in in new age technologies. And they are still thinking about taxpayers' money when there will be no tax payer left if new factories are not started. Great thinking mates !!!😁😁😁

[@masterjunk8092]

I know tihht...No wonder most UK based companies have been bought over due to bankruptcy. These guys have zero knowledge on how to be competitive but still boasts on having one of the best business schools. How very ironic. Secondly they forget that providing incentives is part to give some assurance to the company if things don't work out whilst being racists towards their own PM.

[@buffi944]

Safe place to invest

[@Daniel-gs9eh]

Everyone hating but we need more British industrial jobs, These comments are like margaret thatcher's ghost talking

[@travelsahayak]

The only problem of brits is TATA is Indian company, they think how an Indian company can be given subsidy? 😂 Brits don't know... Anywhere u have to give subsidy for this much amount of investment. Why they are crying for just 500m ? Jobs will be generated, EV eco system will be generated, investment will generate follow up investment...

[@needleontherecord]

“Quality British” built cars. No thanks, been there done that and won’t pay for shoddy unreliable vehicles.

[@Explorer55612]

If Indians and dogs are not allowed in Britain how is TATA allowed. such controversial people 😂

[@NTL578]

There's 1000s of Indians in Britain?

[@rookie_]

So he has enough money to bribe an Indian company, but not enough to make offers to attempt to settle the various industrial disputes. Tata will of course always require more money, and Sunack will be printing more (or the BoE) leading to even more inflation.

[@rajarka3619]

grow up

[@abhi739]

bribe and incentives are two different things, incentives are transparent, if u solve industrial disputes with actual bribery it becomes a tool for blackmail

[@ssryr6427]

Lol TATA 60% shares are with various Charitable trust around the World. It's not like any other western greedy company.

[@ChiSa123]

Absolute nonsense! Tata has been operating their Europe operation mainly in the UK for decades! They stayed because of the convenience offered by the UK! $500 million is nothing for a company worth more than $311 billion! The TATA group is the biggest private sector employer in the world! i.e. not controlled by any govenrnment (so chinese companies don't count!)

[@vinay7397]

Tata's factory will be getting cheap electricity due to the factory's proximity to the power plant. Good infrastructure helps to get FDI. That's not a bribe.

[@guramandeepsingh589]

Hail TATA

[@My.sooru97]

and these people still think they are giving aid to us, and have audacity to make lewd comments on Chandrayaan

[@cliverosfield69]

Lewd?😂

[@HG-ti2ug]

Finally India is helping Bandits even though they looted 45 trillion dollar assets during colonial rule.

[@davidclegg2455]

Tata will rinse the government. So out of touch when it comes to business ... And reality ... look at Hs2 ... If there is a positive outcome within 25 years i would be surprised. look at brexit the government receives more in tariffs at the cost to the economy with less ultility and less productivity. correct me if i am wrong

[@death_parade]

@dondoodat You mean TATA Steel's UK subsidary. Because Tata Steel is all dandy rn. It produces 5 times as much steel as entire UK does. That is almost as much steel as the entire nation of Germany.

[@death_parade]

@dondoodat Well, to your description of tata in UK, assuming it is indeed true, I can only say "well done Tata". A sliver of the karma for the Empire days.

[@kevincurrington1331]

I bet you his father in law is involved 😅😅

[@bigbarry8343]

his month in law worked for Tata Motors, so probably ...

[@theabhishekmondal]

TATA is 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@fullstack5461]

Why so critical of such good news for UK? News papers these days - waste of space

[@Krytern]

Channel 4 isn't a news paper?

[@innovatorsbuzz]

Tatas trying to bring to life a dead horse which died of age and never ran a race...

[@Firkinnel]

Why does UK always encourage foreign investment and not national.

[@ssryr6427]

Very weak in economics,Chinese economy will take over US in next 8 years ,main reason for its success is foreign direct investment and manufacturing hub.

[@mtf_savage_beasts2565]

Foreign direct investment is best that's why China is overtaking USA

[@D__Ujjwal]

When you don't know economics 😂😂😂

[@victorchong1557]

Apple wants Foxconn to make it's phones in India, but Tata wants to build a Gigafactory in UK. Why can't they invest this huge sum in India? 🤔

[@victorchong1557]

Ironically, India has rejected BYD $1 billion EV plant investment citing security concerns, no we don't want to build EVs in India

[@BB-jf9yr]

Bro Tata going to build 1 giga factory in gujrat also don't worry 🎉🎉🎉🎉

[@LOL-em6kl]

Well.this actually because tata wants to set it's foot in Europe, where it's currently not popular but anyways they have plan for gujrat battery unit too!

[@svanimation8969]

​@@LOL-em6kl😂😂 plus they already making EVS in India with their existing infrastructure in India

[@LOL-em6kl]

@@svanimation8969 but Tata still imports batteries from china, and UK plant is battery plant mainly that's why I didn't mention their EVs

[@Lando-kx6so]

SAIC should be next along with bringing back MG manufacturing to the UK & if they can get Tesla to make a giga factory that would be brilliant

[@marvintpandroid2213]

How much of your money are you happy with this corrupt government to give away to these private companies? How many billions?

[@Actually-y7j]

Bye Bye Rishi. Bye Bye TATA..!!

[@1967deek]

The same company that owned the steel industry in the UK took millions from the government then went into bankruptcy and headed home.

[@genesis1765]

Because we were buying cheap Chinese steel and still are. Tata puts money in to steel uk and the government allows Chinese steel to come in to our country.

[@geraldbutler5484]

@@genesis1765 So they will take more taxpayer lolly and say Tata fools!

[@genesis1765]

@@geraldbutler5484 try telling the 45000 people they employ

[@svanimation8969]

​@@genesis1765is Chinese government on companies predatory practice they always to this dumping earlier and then after become s o l e Monopoly then charge whatever they want😂

[@arunta33]

❤

[@AmerBoyo]

Huge boost?!?! Too little, too late more like!

[@angeltraikov8293]

RUSHI OWN 51% ALREADY 😂😂😂

[@itscooldawgdonteventrip]

GREAT NEWS lol

[@kevincurrington1331]

😅😅😅😅

[@ssryr6427]

Lol 60% of TATA shares are with various Charitable trust around the world,it's not like any other greedy western company.

[@Renovomotorsscooters]

hes now worth 150b $ lol

[@Joelewis148]

The recession is a reality, and my advice is to capitalize on it along with inflation. Preparing and planning for these economic cycles is crucial, as recessions are an inevitable part of the economic cycle. Following a challenging post-graduation phase, I initially worked as an aerial acrobat on cruise ships. However, I have since achieved significant growth, managing my own business, holding a vice president position in a large organization, owning multiple rental properties, and making investments in stocks and companies. Notably, my net worth has increased by $500k over the last 28 months.

[@susanlisa3782]

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[@patricia_nura3378]

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[@susanlisa3782]

@@patricia_nura3378 My financ Advisor is Mayra Femia Hetrick. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven't regretted doing so.

[@leonardives1991]

She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@Scot-land]

And like the sheep that we all are every who can afford a ev will run out and get one ELECTRIC FUTURE YEAH RIGHT

[@human8454]

So British people are going to work for an indian company .

[@svanimation8969]

They working to this company since last 100 years😂 Tata came to UK in 1907😂

[@HusseinKarbasi]

The government cannot bribe any corporation to stay in the UK using taxpayers' money. Taxpayers' money should be used to fund services such as the NHS.

[@indiamusically]

It's called incentives, because in itself the project in UK was not a viable option. It's legal tax incentives to make companies easier, overcome the inherant drawbacks of the location. It is global practice, watch USA giving billions in incentives to bring manufacturing to USA soil. Otherwise companies will go where it's more viable. Probably "incentives" are new concept for Brits, cause of their historical memory of bullying or killing others to submission for making deals in their own favour.

[@hydra66]

They should do both. You need to invest in the future

[@epicmonkeydrunk]

​@@indiamusically right...... Bully and kill... Mans stuck in the 1700💀 We can't bully anything anymore 😢.

[@ChiSa123]

Absolute nonsense! Tata has been in the UK since 1907! Tata has been operating their Europe operation mainly in the UK for decades! They stayed because of the convenience offered by the UK! £500 million is nothing for a company worth more than $311 billion! The TATA group is the biggest private sector employer in the world! i.e. not controlled by any govenrnment... so chinese companies don't count! Also, at least 66% of Tata shares are held by various charities started by Tata!

[@Renovomotorsscooters]

tata should invest in india and export to eu

[@stevewalsh-balshaw1727]

It's us the tax payer who'll end up losers as with all these so called investment business should front they're own development as they're the ones who profit notice it's always big business small businesses get no help

[@ssryr6427]

Main reason Chinese overtaking US economy is direct foreign investment and manufacturing hub.

[@RankinMsP]

Another hand off to their mates at the expense of the tax payers. 😒

[@cliverosfield69]

🤡

[@rajibdeka2207]

70-80 years ago British was ruling India. Now an Indian company will provide jobs to Brits. 😂😂😂

[@full__tilt]

Remoaners are crying 😅

[@TrustMeiamaD.R.]

You doing #Toryscum propaganda for them now C4 ?😊😊😊 Half a bill for Sunak's Mother in law? Really?!😅😅😅

[@Ann-nr4tx]

If only they were reliable

[@manh9105]

let the project not pass ...

[@Sûubsçrïbèd]

Who are u 😂

[@muratdagdelen8163]

Wrong title. Anyway. It should be another Brexit dividend.

[@marvintpandroid2213]

A dividend for a private company with billions of your taxes, how is that for taking control?

[@mikehutchison4892]

Spain or Britain ???? Here’s half a billion pound bribe !!! Oh, OK, Britain. Don’t worry,it’s only the taxpayers money……they’d only want to build houses,hospitals,sewage works.This stops the car industry moving to the EU and we can spin it to make us look good. 13 years of Eton schoolboy government !!!!!

[@ch0293]

Sweden is with higher inflation than UK now and Sweden is in the EU

[@marvintpandroid2213]

@@ch0293 And the EU average is?

[@ageoflove1980]

@@marvintpandroid2213 Euro inflation in june 2023 was at 5,5%

[@seanrm]

If Tata were planning to open a car battery factory in Japan, the Japanese Prime Minister would be seen hanging his head in shame. But Rishi thinks it is fantastic.

[@os3990]

Why?

[@seanrm]

@@os3990 Why would the Japanese consider this shameful? or why does Rishi think it is fantastic? It's not clear to me which question you are asking. But I'll try and answer both: Because Sunak is basically admitting that the UK lacks the money or expertise to do this themselves. Instead, working for another foreign company is spun as somehow being "fantastic" for the UK. But, remember, that is all the UK gets out of deals like this: they are little more than employees. All the real profits will end up far, far away. Tata ain't no charity - and neither are Nissan, Hitachi or Itochu.

[@paul7t5]

That makes absolutely no sense,.

[@os3990]

@@seanrm ah so you're saying we should have build our own factory? It's kinda weird because JLR is clearly British but it now owned by TATA. I think it's ridiculous we paid them a penny for this

[@towhichwayout]

I’m sure you drive a British car and take British trains, and play British video games.

[@jmascisss]

But I was told there would be no inward investment if we voted Brexit... Wrong again...! 🤣🤣

[@marvintpandroid2213]

How much of a tax bribe did that take? Capitalism?

[@maneshipocrates]

500 m pounds in tax subsidies. When your defense for Brexit is inviting an Indian company, You are in trouble.

[@seanrm]

@dondoodat Or 8 additional Queen Elizabeth-class aircraft carriers Or a hundred new hospitals Or a couple of hundred new schools

[@lovechineseforever9434]

LOL MADE IN INDIA

[@datsun1205]

its made in britan

[@rajdipchowdhury8987]

It owns by india so made in india🤣

[@sriganesan8237]

LoL made in China 😂

[@D__Ujjwal]

Chinese quality 😂😂

[@lovechineseforever9434]

MADE IN INDIA@@D__Ujjwal