内容摘要：“The mortgage market has seen rates falling in recent months but that may be coming to an abrupt halt," said David Hollingworth, associate director at broker L&C Mortgages.

“The mortgage market has seen rates falling in recent months but that may be coming to an abrupt halt," said David Hollingworth, associate director at broker L&C Mortgages.

The government’s decision not to invite Mr Musk to the summit suggests it thinks the potential investment is not worth the reputational risk and opens up uncomfortable questions about the background of other investors it has actively encouraged.Attracting international investment routinely involves charm offensives with investors or nations with questionable human rights records.

The government has actively pursued trade links in the Gulf. Sir Keir, for example, publicly boycotted the 2022 World Cup in Qatar as leader of the opposition, but now he and his team routinely visit these nations to drum up trade and investment.A number of top sovereign wealth fund executives are expected at the summit.Mr Musk is said to be turning his attention to a second European gigafactory in addition to his plant in Berlin, Germany, after completing his Mexican plant.

Under the Conservatives, the Tesla boss was quietly shown around various UK sites with potential for a gigafactory for cars and batteries.He has previously told journalists he opened the site in Berlin and not the UK

Bloomberg estimates Mr Musk's net worth to be around $228bn.

That's based largely on the value of his shares in Tesla, of which he owns more than 13%. The company's stock began to soar in value in 2020 as the firm's production increased and it started to deliver regular profits.“With further cuts, there is not only a risk to the artistic quality and talent development of our artists and arts workforce, but also a real risk to cross-sector work including in health and education which has a huge impact," she said.

A spokeswoman for performing arts network Creu Cymru welcomed the report and agrees that the 40% cut in funding since 2010 needs to be “urgently addressed”.She said urgent action was needed to prevent closures and the “downward spiral that will cause the arts to lose their impact”.

The spokeswoman added that the challenges faced by the sector were hitting its ability to stay open, retain staff, and produce new work.“Even a small boost in arts funding could have a major impact, creating more than a thousand new jobs across Wales,” she said.