The Transport Secretary and Deputy Prime Minister piled in on P&O this week because of the disgraceful way they treated U.K. staff a couple of years ago. P&O is owned by DP World and it looks like thanks to the above (as reported) they have decided investment in two new docking births for the container operation will no longer happen and nor will attendance at Starmer’s investment summit. They knew Starmer’s little gathering was next week, so I can only assume the timing was deliberate to pressure DP World and it’s blown up in their face? Not always the case by any means, but this does strike me in this instance as moral high ground v jobs, business, taxes for services. They got away with an easy tax settlement because they made it clear that if that didn’t happen, U.K. jobs were toast as they could locate anywhere.

Source: The Guardian October 12, 2024 17:54 UTC