As the government attempts to resolve a conflict with the investor, discussions for a £1 billion London port expansion continue. DP World is expected to announce the expansion of its London Gateway port at the next government-hosted investment event, creating hundreds of new jobs. After Transport Secretary Louise Haigh criticized DP World affiliate P&O Ferries for its employee treatment, suspicions circulated that the plan may be at risk.
The prime minister’s office has responded to Haigh’s words by attempting to reconcile the conflict while distanced from her viewpoints. When P&O Ferries sacked over 800 seamen in 2022 and recruited cheaper replacements, Haigh labeled the company a “rogue operator,” and the fight began.
DP World defended the layoffs because the ferry operator needed them to survive and preserve thousands of jobs. A Downing Street official emphasized the new seafarers’ rule banning harmful rehire tactics while confirming the government’s support for P&O Ferries. Additionally, they said that the government will maintain its tight cooperation with DP World, the owner of Southampton Port.
On Monday, the UK will host its International Investment Summit to attract large investments from around the world. A British government spokesman stated hundreds of global corporations will attend the conference, demonstrating the country’s business-friendly approach. The government is expected to make significant investments in the forthcoming Budget. Therefore, the timing of the investment summit is critical.
Some think the government may loosen its spending restrictions to boost the economy. Given its recent rapid leadership changes, the UK is trying to attract international investment. Elon Musk publicly questioned his summit exclusion last month for his social media activity during the August protests. Thus, this isn’t the first issue with the meeting.
