Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday. BNP Paribas Leasing Solutions said plans announced in yesterday’s Emergency Budget by George Osborne to bring forward corporation tax deadlines for businesses with profits of more than £20 million – thirteen of MT’s Top 100 companies – will have a substantial impact on their cash flow. The government estimates that bringing forward the […]
Pall-Ex Group has agreed a management buyout that will see founder, owner and chairwoman Hilary Devey step away from the day-to-day running of the business.
The RHA has warned that heavy reliance on overseas HGV drivers poses a risk to the long-term resilience of the UK road transport sector, and takes money out of the UK economy.
The RHA and Logistics UK are among more than 30 signatories of an open letter to the UK Prime Minister and EU chief negotiator Michel Barnier, urging them to agree to an “economically sensible” outcome to Brexit negotiations.