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

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 programme to discuss is the Former Permanent Secretary to the Treasury Lord Nick Macpherson, Minister in the Department of Businesss and Trade Nus Ghani, and the Shadow Business and Industrial Strategy Secretary Jonathan Reynolds.