Why has P&O ferries laid off its staff?

<div>Today P&amp;O ferries announced to 800 staff that they were being made redundant with immediate effect as security mounted to ferries to escort the staff off the premises. </div> <div><br> </div> <div>The company said the staff will be served with "enhanced" severance packages, calling it a "necessary decision" to protect its remaining 2,200 staff. Was this fair when they received furlough pay from the taxpayer all through lockdown?</div> <div><br> </div> <div>Also on the podcast, the Bank of England has announced a rise in interest rates in a bid to curb inflationary pressures. Can this help ease the looming cost of living crisis?</div> <div><br> </div> <div>All to be discussed as Katy Balls speaks to Kate Andrews and James Forsyth.</div> <div><br> </div>