2018 Budget- What it means for us

30/10/2018

2018 Budget- What it means for us

“The £420m announced in today’s Budget to repair potholes is a drop in the ocean when you consider that work that will cost more than £8billion is needed to rectify years of under investment in our road network. The damage caused by potholes to the UK’s logistics fleet is adding unnecessary cost to the operation of vehicles tasked with keeping Britain trading, and FTA is concerned that the funding released by the Chancellor today will mean that operators will continue to incur these unreasonable costs at a time of extreme trading pressure. More could and should have been done to help the logistics sector at such a critical time in the nation’s trading history. It is a lost opportunity.

“The freeze on the Heavy Goods Vehicle HGV VED for 2019-20 is to be welcomed, and FTA is particularly pleased to hear that the government is set to maintain the difference between alternative and main road fuel duty rates until 2032. This will support the de-carbonisation of the UK transport sector and give operators confidence to invest in alternatively fueled vehicles.”

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