The DfT was hit with the biggest government departmental cut in the Spending Review today. Released alongside George Osborne’s Autumn Statement, the review sets out a 37% cut in the DfT’s day-to-day operations budget, which will see it fall from £2.6bn this year to £1.8bn in 2019/20. This is despite an overall 50% increase in transport capital spending to £61bn during the next five years. The dent in DfT’s budget is higher than the 30% cut in resources Osborne forecast […]
Continuing delays in the Coronavirus Business Interruption Loan Scheme (CBILS) means operators are now on a cliff edge of financial ruin, the FTA has warned.
The DfT is set to reveal its plans for the transport industry in relation to Covid-19, Brexit and the skills shortage at the Freight People’s latest online meeting this month.