Blow to No 10's investment summit as port giant pulls £1bn announcement over P&O row

Starmer risks ministerial rift with slap down of transport secretary

Keir Starmer admitted to ‘bumps and side winds’ in his first 100 days as prime minister

What the papers say – October 12

Here are the newspapers making headlines on Saturday.

Logistics firm threatens to pull £1bn UK investment after Transport Secretary criticism

Reports claim a billion-pound investment in the UK could be under threat because ministers have criticised P&O Ferries – whose parent company DP World is behind it. Tonight Downing Street said comments by the Transport Secretary Louise Haigh were her “personal view” and didn’t represent the Government’s view. The Prime Minister has been in Edinburgh at the inaugural meeting of the Council of Nations and Regions, although his former chief of staf…

DP World: Talks over £1bn UK port expansion ongoing after row

https://www.bbc.com/news/articles/cj9jp3ey0exo Discussions about a London port expansion worth £1bn are ongoing as the government tries to resolve a row with the investor.DP World planned to reveal the expansion of its London Gateway port, which it said would create hundreds of jobs, at the government’s investment summit next week.However, reports suggested the plan was at risk after Transport… Source

P&O Ferries owner pauses £1bn investment in Britain

Port and logistics firm DP World has paused a 1 billion pound investment in Britain after ministers criticised practices at its subsidiary P&O, in a blow to the government on the eve of a flagship investment summit.

Ports company pulls £1bn investment over ministers’ criticism – reports

Sir Keir Starmer declined to answer questions on reports DP World had pulled out of a major announcement following comments by ministers. The Prime Minister has declined to comment on reports a £1 billion investment in the UK has been jeopardised by ministers’ criticism of the company behind it. Dubai-based DP World is reported to have been planning to announce a major investment in the UK at the Government’s International Investment Summit nex…