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Rachel Reeves has said she “wouldn’t have any problems” getting on a P&O ferry following the fire-and-rehire scandal.

The chancellor was asked to clarify her position after criticism by her colleagues almost derailed a planned investment announcement from the travel operator’s owner ahead of a crucial summit.

Politics latest: Ex-Google boss tells PM what’s blocking investment

P&O Ferries caused a huge controversy in 2022 when it suddenly sacked 800 seafarers and replaced them with cheaper foreign agency workers.

It emerged on Friday that its Dubai-based owner, DP World, considered pulling £1bn in funding to its London Gateway container port after Transport Secretary Louise Haigh branded P&O, its subsidiary company, a “rogue operator” and called for a boycott.

In an interview with Sky News, Ms Reeves distanced herself from Ms Haigh’s remarks, saying: “I wouldn’t have any problems with getting on a P&O ferry.”

She said the £1bn investment, which was ultimately saved after a weekend of frantic negotiations, was “really important” as it will “bring good jobs, pay decent wages… and expand our capabilities to import and export around the world”.

In a tweet in March 2022, Ms Reeves hit out at the P&O lay-offs, calling it “disgraceful behaviour” and saying it should be illegal.

Asked if she does not care where investment comes from, the chancellor said her government has introduced laws to protect seafarers from future mass sackings.

“Under the Conservatives, it was possible to fire and rehire workers. It was possible to have exploitative zero hour contracts. We’re ending that,” she said in reference to the Employment Rights Bill.

Pressed on whether Labour’s workers’ rights agenda can chime with the need for private investment, Ms Reeves said governments can be “both pro-worker and pro-business”.

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£1bn investment in UK to go ahead

“I don’t think you can be pro working people unless you’re creating the environment to get businesses to invest in Britain,” she said.

“And similarly, you can’t be pro business unless you’re pro skilling-up working people to ensure that they’ve got the skills to do the jobs that are available in the economy. So the two things go hand in hand.”

Ms Reeves is the latest senior figure to distance themselves from the transport secretary’s comments. Prime Minister Sir Keir Starmer said he did not share Ms Haigh’s views, while Science Secretary Peter Kyle said the company had “turned a corner” and DP World had signed up to the government’s new workers’ rights laws last week.

Had the funding been shelved, it would have been a huge blow to the government’s International Investment Summit on Monday, in which Sir Keir rolled out the red carpet for chief executives in the hope of securing billions worth of deals.

DP World confirmed over the weekend that it would still attend the event after “constructive and positive discussions with the government” gave it “the clarity we need”.

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The company owns ports and logistics operations in more than 60 countries and generated global revenues of almost £14bn last year.

Confirming the investment plan on Monday, it said it would expand London Gateway to become Britain’s largest container port within five years, creating a further 400 permanent new jobs.

Sultan Ahmed bin Sulayem, group chairman and chief executive of DP World, said: “DP World London Gateway will help make Britain’s trade flow in the future by connecting domestic exporters with global markets and delivering vital supply chain resilience for the whole economy.

“I am proud of this major investment which underlines DP World’s long-term commitment to the UK.”

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Labour dealt historic loss in Caerphilly by-election – as Plaid Cymru win seat

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Labour dealt historic loss in Caerphilly by-election - as Plaid Cymru win seat

Plaid Cymru have won the by-election in the Senedd seat of Caerphilly for the first time.

The Welsh nationalist party secured 15,960 votes – and candidate Lindsay Whittle cried as the result was announced.

Mr Whittle is 72 years old and had stood as a Plaid candidate 13 times since 1983. He will now hold the seat until the Senedd elections next year.

This by-election was widely regarded as a two-horse race between Plaid Cymru and Reform UK, and the result marks a considerable blow for Nigel Farage.

Analysis: Reform candidate looked neglected and dejected


John Craig

Jon Craig

Chief political correspondent

@joncraig

In a by-election in the birthplace of the comedian Tommy Cooper, it was Plaid Cymru that had the last laugh.

During the campaign, Nigel Farage and Reform UK’s candidate Llyr Powell had posed for photos in front of the statue of the legendary comic in Caerphilly.

But when the result was declared at 2.10am at the count in the town’s leisure centre, Mr Farage – who’d been campaigning for Mr Powell on polling day – was nowhere to be seen.

In fact, the joke among Plaid supporters at the count was that long before the declaration Mr Farage was halfway down the M4 on his way back to London.

Read Jon’s full analysis here.

His candidate Llyr Powell received 12,113 votes – denying a victory that would have strengthened claims that Reform can convert a large lead in opinion polls into election wins.

Nonetheless, the party’s performance is a marked improvement on 2021, when it received just 495 votes.

More than anything, the result is a humiliating and historic defeat for Labour, who had held Caerphilly at every Senedd election since it was created in 1999 – as well as the Westminster seat for over a century.

Its candidate Richard Tunnicliffe secured 3,713 votes and finished in third place, with Welsh Labour describing it as a “by-election in the toughest of circumstances, and in the midst of difficult headwinds nationally”.

Turnout overall stood at 50.43% – considerably higher than during the last ballot back in 2021.

Giving his acceptance speech after the result was confirmed, Mr Whittle described how he had been “absolutely heartened” by how many young people were involved in the by-election – and said the result sends a clear message.

He said: “Listen now Cardiff and listen Westminster – this is Caerphilly and Wales telling you we want a better deal for every corner of Wales. The big parties need to sit up and take notice.

“Wales, we are at the dawn of new leadership, we are at the dawn of a new beginning – and I look forward to playing my part for a new Wales, and in particular, for the people of the Caerphilly constituency. I thank you with all my heart.”

Mr Whittle quipped Plaid’s victory “was better than scoring the winning try for Wales in the Rugby World Cup”.

And looking ahead to the next year’s elections, he added: “[This] result shows what’s possible when people come together to back practical solutions and protect what matters most.

“We’ve beaten billionaire-backed Reform and, with the same determination, we can do it again in May 2026. Caerphilly has shown the way – now Wales must follow.”

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Plaid Cymru leader Rhun ap Iorwerth has everything to celebrate after winning the Caerphilly by-election.

Plaid Cymru leader Rhun ap Iorwerth told Sky News his party’s victory is the “start of a reset of politics in Wales”.

He said Plaid’s goal is to take over the Senedd for the first time in May next year.

“I want to see that through now. I’ve made it clear, said it in my conference speech a couple of weeks ago, we have to replace Labour,” he said.

“And it’s not just for its own sake, it’s so we get better outcomes for Wales. That’s what Plaid Cymru’s always about.”

Labour minister labels result ‘disappointing’

Cabinet Office minister Nick Thomas-Symonds told Sky News that “frustrations” with the “pace of change” led to Labour’s loss.

“I’m not shying away from, how disappointing the result is,” he said.

“What I found on the doorsteps was a real desire for more change, a frustration about the pace of change. That was coming through to me very strongly when I was speaking to people, I think that’s been reflected in the result.”

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Labour ‘not shying away’ from loss

Labour’s deputy first minister in the Senedd, Huw Irranca-Davies, said the prime minister must “get back to bread and butter things” such as the cost of living, instead of focussing on immigration.

“We’ve got to get better,” he said.

“If it turns out as we think, as the polls have shown tonight, after a really good campaign with a really good Labour candidate in Richard, then we’ve got to talk about how do we get back to bread and butter things: cost of living, the state of the local community, the high street, the green spaces, the money in people’s pockets.

“And that’s a task for both Welsh Labour and UK Labour as well.”

First Minister Eluned Morgan congratulated Mr Whittle on his return to the Senedd and said: “We take our share of the responsibility for this result. We are listening, we are learning the lessons, and we will be come back stronger.”

Reform’s chair David Bull suggested the party’s strong performance in the polls cost them the by-election to Plaid Cymru.

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‘Extraordinary’ result for Reform

“I actually think the problem for us was the MRP poll, which was released two or three days ago,” he told Sky News.

“It showed us on 42%, Plaid on 38%, and it changed some people’s minds. I’ve heard tales from Lib Dem supporters, even Tories, actually voting tactically for Plaid to keep us out.”

Nigel Farage added that Reform’s candidate lost to “a party that people know well and to a popular local politician”.

“The Senedd elections next year are a two-horse race between Reform UK and Plaid Cymru,” he said.

The Conservatives and the Liberal Democrats were among the parties that lost their deposits.

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Bitcoin-only app Relai gets EU green light under MiCA

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Bitcoin-only app Relai gets EU green light under MiCA

Bitcoin-only app Relai gets EU green light under MiCA

Switzerland’s BTC-only investment app, Relai, obtained a MiCA license in France, aiming to bring Bitcoin to as many people as possible.

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JPMorgan reportedly plans to let clients borrow against their Bitcoin and Ether

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JPMorgan reportedly plans to let clients borrow against their Bitcoin and Ether

JPMorgan reportedly plans to let clients borrow against their Bitcoin and Ether

This could make Bitcoin and Ether more attractive to institutional investors seeking to maximize the utility of their assets.

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