Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance. Reporting its annual results for the year to 31 August 2015 at Companies House, the Rugby-based firm revealed a 31% rise in pre-tax profits to £2.7m (2014: £2.1m). Turnover grew 9.1% year-on-year to £58.7m (2014: £53.8m). The directors said they were pleased with the group’s progress, adding that “healthy cash reserves and no debt” […]
Transport industry slams EU over threat to restrict access to UK trucks after Brexit transition period
The transport and logistics industry has described claims by the EU Commission that it will restrict access to British trucks at the end of the post-Brexit transition period as “ridiculous” and would leave the EU “shooting itself in the foot”.
A new system of managed migration will allow the road transport industry to recruit skills internationally after the United Kingdom leaves the European Union, Chris Grayling, Secretary of State for Transport, has assured operators.
The government’s strategy for roads funding has been branded “a failure” after money was used repeatedly to fill in potholes and not address the resilience of the network, according to a report.