News
Port’s Annual Report highlights challenging trading and diversification
THE PORT OF MILFORD HAVEN’S 2020 Annual Report and Accounts highlights the challenging trading conditions felt in 2020 due to Covid-19. Designated a frontline operation as part of the pandemic response, the Port’s focus for the reporting period was not just financial; it’s aims were to ensure the safety of its own employees, maintaining support for other key worker operations on the Milford Haven Waterway and wider community, whilst progressing its ambition for diversification.
LNG shipping remained strong and demonstrated the Waterway’s importance as a nationally vital energy hub with, at one point during the pandemic, 85% of the UK’s gas needs being satisfied by the Waterway terminals. However, overall shipping was down with cargo volume falling to 33.5 tonnes (2019: 35m) reflecting the significantly reduced demand for transportation fuels. Total revenue was also down, 10% year on year at £25.2m (2019: £28.1m). This had a major impact on profitability with an operating loss of £0.7m reported for the year (2019: £5.7m). A return to profitability is anticipated in 2021.
By prioritising safe working practice, the Port was able to manage the safety of its employees and maintain frontline operations with no significant impact to vessel traffic during the year. Investment also continued in the Port’s core maritime operations to maximise long-term resilience and reflect a new core value of sustainability; ensuring that decisions and investments the Port make are carefully considered for their impact both on our business operations and the wider environment.
Progress was also made with the Port’s flagship projects, Milford Waterfront and Pembroke Dock Marine. With the hospitality industry stalled and events cancelled, the Port still made a significant step forward in its plans to strengthen its Milford Waterfront proposition with construction beginning on the 100 bed, Tŷ Hotel. Operated and managed by The Celtic Collection – the team behind the iconic Celtic Manor Resort – this new addition to Milford Waterfront will form part of The Celtic Collection’s portfolio of Tŷ Hotels. At Pembroke Port, the Pembroke Dock Marine business case was approved and the associated planning application was submitted. The Port is investing £13.5m in the development alongside funding from the Swansea Bay City Deal and the European Regional Development Fund through the Welsh Government. With its focus on supporting the growth of a new energy sector, it will complement and widen the Port’s profile as the UK’s largest energy Port. Both developments play key roles in the Port’s aim to strengthen Pembrokeshire’s long-term prosperity and create opportunities throughout the community as part of the post-Covid recovery.
In terms of looking ahead, the Port sees strong potential for additional developments that will continue to support the offshore floating wind industry’s keen interest in the Celtic Sea, as well as supporting developments in hydrogen. Maximising the potential for UK industrial growth from such large-scale developments form a key tenet in the Port’s call for Freeport status in Pembrokeshire and will ensure the strong energy cluster remains for Wales’ west coast.
Commenting on the year Chris Martin, Chair of the Port, said “It is difficult to imagine a more challenging backdrop to trading than in 2020. The spread of the coronavirus global pandemic swept away many norms. I was proud to see the Port designated a key worker operation, and very proud of the way our colleagues dealt with the significant challenges to ensure supplies kept moving during this critical time. I remain deeply impressed by the resilience of the business and the aptitude all our staff have shown in these extraordinary times. Growth and investment will be critical in securing a strong post-Covid recovery and there are exciting opportunities ahead. By working alongside our communities, we can build an exceptional future for Pembrokeshire.”
Chief Executive, Andy Jones, continued: “2020 was the year that tested every aspect of our standing as a Trust Port. The pandemic has had a clear negative impact on our financial results in 2020, however, it is not the only lens through which I would choose to judge our accomplishments in this very unusual year. As a business, we acquitted ourselves well, ensured we had the resources to weather the storm and delivered the services our customers and stakeholders require and expect us to deliver while also bringing a fresh perspective on our collective need for sustainability. Our role enabling a critical link in the UK’s supply chain of energy and goods was demonstrated in abundance. We made good progress with partners to further our exciting plans on both sides of the Waterway.”
The 2020 Annual Report and Accounts can be viewed at Publications & Downloads (mhpa.co.uk)
News
Nigel Farage faces standards probe over £5m gift
Reform UK leader denies wrongdoing as parliamentary watchdog examines undeclared payment
NIGEL FARAGE is facing a parliamentary standards investigation over a £5 million gift from a major Reform UK donor.
The Reform UK leader, who has been MP for Clacton since July 2024, was referred to Parliamentary Commissioner for Standards Daniel Greenberg after reports emerged that he had received a previously undeclared payment from Thailand-based cryptocurrency investor Christopher Harborne in 2024.
The investigation is understood to relate to the rules requiring MPs to register relevant financial interests, including certain benefits received in the 12 months before entering Parliament.
Mr Farage has strongly denied wrongdoing and has said the money was a personal, unconditional gift connected to his safety and security, not his political activity.
A Reform UK spokesman said: “Mr Farage’s office is in communication with the Parliamentary Commissioner for Standards.
“He has always been clear that this was a personal, unconditional gift and no rules were broken.
“We look forward to this being put to bed once and for all.”
Mr Harborne has previously been identified as a significant donor to Reform UK. Reports say the £5 million payment was made before Mr Farage announced he would stand in Clacton at the 2024 general election.
The opening of an investigation does not mean Mr Farage has been found to have breached parliamentary rules.
However, the case is politically sensitive because of the size of the payment and because of Mr Farage’s prominent role as leader of Reform UK.
If the commissioner ultimately finds there has been a breach, the matter could be dealt with by correction in less serious cases, or referred to the Commons Standards Committee in more serious circumstances.
In the most serious cases, MPs can face suspension from the House of Commons. A suspension of ten sitting days or more can trigger a recall petition, potentially leading to a by-election if enough constituents sign it.
Mr Farage has previously been subject to a standards rectification process over late declarations of financial interests. The latest inquiry comes at a time of heightened scrutiny over political donations and party funding, with Reform UK under growing attention as it seeks to build on recent electoral gains.
Mr Farage remains entitled to the presumption that no breach has occurred unless and until the parliamentary standards process reaches a conclusion.
News
Undoing Brexit? Critics say new King’s Speech bill could reopen EU divide
Ministers accused of paving the way for closer EU alignment without full Commons scrutiny
THE UK GOVERNMENT has unveiled plans which critics claim could quietly reverse key parts of Brexit by allowing EU rules to be adopted into British law without a full parliamentary vote.
The controversial proposal was included in King Charles III’s speech to Parliament on Wednesday (May 13), through legislation titled the European Partnership Bill.
The Bill is designed to create a legal framework allowing future agreements between the UK and the European Union to be implemented more quickly — including planned deals on food standards, energy emissions and youth mobility.
Government officials argue the legislation is needed to support economic growth and strengthen ties with Europe after years of strained post-Brexit relations.
However, Brexit supporters and several commentators have warned the powers could allow ministers to sidestep meaningful scrutiny by MPs when adopting future EU-aligned regulations.
The move comes as Prime Minister Sir Keir Starmer signals a major shift in Britain’s relationship with Brussels following Labour’s difficult local election results last week.
Speaking earlier this week, Starmer said he wanted Britain back “at the heart” of Europe and described upcoming UK-EU agreements as a “big leap forward.”
Food, youth mobility and emissions deals planned
Negotiators are expected to meet in Brussels this summer for the second annual UK-EU summit, where both sides hope to agree new co-operation arrangements.
Among the proposed deals are:
• A new veterinary and food standards agreement designed to reduce border checks and ease imports and exports
• A closer emissions trading arrangement with the EU
• A youth mobility scheme allowing young Britons to live and work more easily across Europe
The Government claims the food agreement alone could boost the UK economy by £5.1 billion, with wider agreements potentially worth up to £9 billion overall.
Business groups including the British Chambers of Commerce have welcomed the proposals, arguing they could reduce costs for firms and consumers.
William Bain, the BCC’s head of trade policy, said quicker and simpler trade with Europe was essential for economic growth and lowering household prices.
Brexit fears reignited
Critics say the legislation could represent the clearest sign yet that Labour intends to gradually realign Britain with EU structures.
During questions from journalists this week, Starmer declined to rule out future membership of either the EU single market or customs union appearing in a future Labour manifesto — both previously ruled out under earlier Labour leadership.
That has fuelled speculation that Britain could move steadily closer to the EU over the coming years, despite Brexit remaining one of the most divisive political issues in modern British history.
The proposed youth mobility scheme has also drawn criticism from some immigration hardliners, who argue it could become a backdoor route to restoring freedom of movement.
The Government insists the plans are about practical co-operation rather than reversing Brexit itself.
But with ministers now seeking powers to rapidly introduce EU-linked regulations into domestic law, opponents say the political battle over Brexit may be far from over.
News
King’s Speech puts Wales at heart of UK energy and rail plans
UK GOVERNMENT says Wales will be central to a new legislative programme focused on energy independence, rail investment, policing, defence and economic growth.
Secretary of State for Wales Jo Stevens said the King’s Speech, delivered on Wednesday (May 13), set out an “ambitious plan” for the country, with measures aimed at tackling the cost of living, creating jobs and strengthening national security.
The programme includes an Energy Independence Bill, which the UK Government says will support clean power projects across Wales, including floating offshore wind in the Celtic Sea and new nuclear development at Wylfa.
Ministers say the plans are intended to reduce energy bills, secure domestic energy supplies and create skilled jobs in communities across Wales.
Ms Stevens said: “The King’s Speech sets out how the UK Government is building a stronger, fairer, future for Wales by tackling the cost of living, creating good jobs and driving economic growth.
“Our Energy Independence Bill puts Wales at the heart of our clean energy mission. Alongside floating offshore wind in the Celtic Sea and new nuclear in Wylfa, we are working to cut energy bills, create new jobs and secure the UK’s energy independence.”

Rail investment
The King’s Speech also includes a Railways Bill, which the UK Government says will support its £14bn plan to transform rail infrastructure in Wales.
The Wales Office says the proposals will improve journeys, connect communities and support 12,000 jobs.
Rail infrastructure has long been a major political issue in Wales, with repeated criticism over historic underinvestment, poor connectivity between north and south Wales, and the long-running dispute over whether Wales received a fair share of funding from major UK rail projects.
Ms Stevens said: “Our Railways Bill will help deliver our £14bn plan to transform rail infrastructure in Wales, improving journeys, connecting communities and supporting 12,000 jobs.”
Police and defence
The programme also includes the Police Reform Bill, which the UK Government says will put more officers on the streets and strengthen public safety.
Defence spending is also set to rise, with ministers saying the measures will improve national security while supporting Welsh service personnel and veterans through better services and housing.
Ms Stevens added: “We are also strengthening our national security with increased defence spending, putting more police on our streets with the Police Reform Bill, and supporting our Welsh service personnel and veterans with better services and housing.
“This is an ambitious plan that delivers for every part of Wales.”
Political test
The announcement comes at a significant moment for Wales, following major political change in Cardiff Bay and renewed pressure on both the UK and Welsh governments to deliver on public services, housing, transport and economic growth.
The focus on energy and rail is likely to be welcomed by industry and unions, but ministers will now face questions over delivery, timescales and whether the promised investment reaches communities across Wales.
The UK Government will argue that the King’s Speech shows Wales is central to its wider economic plan. Opposition parties are expected to scrutinise whether the legislation goes far enough, particularly on energy bills, public transport, policing and support for households still facing cost-of-living pressures.
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