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 interest rates in boost for mortgage holders
The UK's base interest rate is expected to drop to its lowest level in over 18 months, with analysts predicting a cut from 4.75% to 4.5% by the Bank of England in its upcoming announcement on Thursday. This decrease is seen as a positive development for mortgage holders, as the base rate influences borrowing costs, including tracker mortgages. The potential rate cut comes amidst falling inflation rates and economic stagnation, with hopes that lower interest...
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