DP World pulls £1bn announcement after Louise Haigh and Angela Rayner’s P&O comments

The government’s Investment Summit has suffered a major blow after ports and logistics giant DP World pulled a scheduled announcement of a £1bn investment in its London Gateway container port, following criticism by members of Sir Keir Starmer’s cabinet.

Sky News understands the Dubai-based company’s investment was due to be a centrepiece of Monday’s event, which is intended to showcase Britain’s appeal to investors and will be attended by the prime minister and Chancellor Rachel Reeves.

DP World’s investment in the port is now under review however, following criticism by Transport Secretary Louise Haigh and Deputy Prime Minister Angela Rayner of its subsidiary P&O Ferries.

Full story: https://news.sky.com/story/blow-to-no-10s-investment-summit-as-port-giant-pulls-1bn-announcement-over-pando-row-13231876

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