Keir Starmer criticized transport secretary Louise Haigh for suggesting a boycott of P&O ferries, leading to a rift in the government. The fallout resulted in P&O’s parent company canceling a £1 billion investment, prompting the prime minister to defend the importance of inward investment despite the controversy surrounding Haigh. Despite setbacks, Starmer remains focused on economic growth and upcoming investor summit, emphasizing the need for stability and confidence in the UK government.
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Interest rates live: Bank of England set to cut UK interest rates in boost for mortgage holders
The Bank of England is expected to lower the UK's base interest rate from 4.75% to 4.5%, the lowest level in over 18 months, in an effort to boost the economy and provide relief for mortgage holders. This move comes after inflation unexpectedly fell to 2.5% in December, signaling a need for further stimulus to encourage spending and economic growth. The rate cut is anticipated to impact borrowing costs, particularly for mortgage holders with tracker...
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