A transport lawyer has warned that there could be a reduction in demand for international haulage and logistics if the UK votes to leave the EU on Thursday. Laurence Pritchard of Weightmans said a Brexit would result in increased import tariffs, which could ultimately lead to a decline in trade between Britain and the rest of Europe if export volumes reduce. He said: “The main concern is that if the rate of exportation is reduced there will be less demand for professional […]
After the Conservative party fell eight seats short of an overall majority, resulting in a hung parliament in the general election, the FTA has called for a new government to review its decision to leave the EU customs union.
Despite the continuing uncertainty over the UK economy and the future of foreign drivers post-Brexit, confidence amongst UK’s logistics businesses has risen from the historic low registered in the first half of 2016, according to a new survey. Although the latest UK Logistics Confidence Index from Barclays and Moore Stephens, remained depressed at 53 in the second half of 2016, compared with the high point two years ago of 71.4, it is at least up from the 51.8 low seen […]