Grant Shapps is stepping up pressure on P&O to reverse its controversial decision to lay off 800 workers.
The Transport Secretary will tell the ferry company to rehire staff, arguing that the new legislation will undermine his plans to replace them with poorly paid temps.
P&O has come under fire for laying off 800 staff without notice earlier this month. He plans to halve his labor costs by employing agency workers for an average of £5.50 an hour.
Mr Shapps is expected to introduce new legislation this week requiring all ferry companies operating from UK ports to pay the minimum wage.
5 things to start your day
1) Hinkley Point C faces more delays amid Ukraine crisis: Developer EDF warns war could lead to even higher costs for Britain’s flagship nuclear power station
2) Joe Biden declares war on billionaires: But proposal targeting 700 richest Americans could hit another 30,000, experts warn
3) The price of a pint will soar by Christmas, according to the brewer: Soaring barley costs could push prices up to 30%
4) Ex-Heathrow baggage handler relaunches third runway grounding bid: A billionaire who worked for Heathrow wants to build a new terminal on land owned by the airport
5) Free the drillers and let the North Sea oil and gas flow, ministers said: Additionally, the industry’s plan to address the energy security challenge
What happened overnight
Asian stocks and US equity futures fell as Russia’s war in Ukraine enters a second month and the risk of an economic slowdown due to US monetary policy tightening weighs on markets.
Stocks lost ground in Japan, while the S&P 500 and Nasdaq 100 contracts fell, signaling a pause in the global equities rally from conflict-induced lows. A dollar gauge pushed higher.
The Covid-related lockdown in Shanghai undermined the mood in Hong Kong and China, dragging stocks lower.
- Business : Pershing Square (full year)
- Economy: Nothing planned
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This notice was published: 2022-03-28 06:43:22