The government is to sell its remaining stake in Royal Mail, completing the company’s journey from public-to-private road transport heavyweight. In a statement released today, the chancellor said the sale of the government’s £1.5bn stake in the UK’s largest commercial vehicle operator would start this year, completing the privatisation begun with an Initial Public Offering of shares in October 2013. The government has appointed Rothschild to advise the Department for Business on the sale. “Any transaction will be designed to […]
The government has confirmed that around 50,000 workers will need to be recruited to fill out customs paperwork for trade with the EU after Brexit in a Canada-style deal.
Logistics UK has renewed its appeal to government to provide the clarity and systems hauliers require to ensure trade continues flowing after the Brexit transition period ends on 31 December 2020.
The government is to spend £1.7bn on improving the roads, repair bridges and fill in millions of potholes as the country starts a tentative return to work.