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Land Rover cars, as well as other manufacturers throughout the UK and Europe.

“We can be incredibly proud that Britain has been chosen as home to Tata Group’s first gigafactory outside India, securing our place as one of the most attractive places to build electric vehicles,” Britain’s prime minister Rishi Sunak said.

Work on putting up the huge new factory in Bridgwater (Somerset) is likely to begin “very soon” according to local MP Ian Liddell­Grainger, who was quoted in Somerset Live.

“Our multi­billion­pound investment will bring state­of­the­art technology to the country, helping to power the automotive sector’s transition to electric mobility, anchored by our own business, Jaguar Land Rover,” Natajaran Chandrasekaran, Tata Sons chairman, said.

BANKINTER concluded the first half of 2023 with profits of €418 million, a 54 per cent increase on the same period last year and the bank’s best ­ ever figures for the period between January and the end of June.

This result also took into account the €77.5 million ‘windfall tax’ on last year’s profits which fell due in 2023.