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UK to cut 4,000 Jaguar Land Rover jobs

9/7/2026

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Story summary
  • UK Chancellor John Healey announced 4,000 Jaguar Land Rover office jobs will be lost at Coventry Manufacturing and Technology Centre.
  • Healey said borrowing costs are too high as global bond yields rise.
  • Healey declined to comment on possible tax rises before the October 28 Budget.
  • Lord O'Neill urged scrapping the state-pension triple lock that guarantees the highest of inflation, wages or 2%.