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

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

The UK government hopes the investment will 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.

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