More than half the spending on England’s transport network is going to London with the imbalance set to get worse, according to a report by Institute for Public Policy Research (IPPR). The report Paying for Our Progress, published this week by IPPR North, reveals that whilst £1,943 is being spent per head in London on current or planned transport projects only £190 is being spent in Yorkshire, £220 in the North East and £680 in the North West £680. The […]
The Chancellor turned his back on the road transport industry in the Budget, announcing August’s 3.02ppl increase in fuel duty will stay. MT takes a look at the economic case against this decision. The price of bulk diesel has climbed 18.9% in the past 18 months, to reach a record high of 117ppl. Meanwhile, companies have continued to go to the wall, with Hull-based AR Lunn the latest failure. Predictably, rising fuel costs were a main reason why 115 employees […]
The FTA has welcomed the freeze in fuel duty announced by the chancellor George Osborne in today’s Budget, but believes he missed an opportunity to boost the economy by not cutting it.
Transport for London (TfL) has promised to provide an update “later this year” on proposals for a new underground ring road around London to relieve congestion.