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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".

The event comes as Meta faces ongoing scrutiny over the impact of its products, particularly on children.

They accuse the manufacturers of doing "nothing" despite being aware of the plane's risks.

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