Insurance costs could climb next year although fuel duty will remain frozen, it was confirmed in this afternoon’s Autumn Statement. Chancellor of the Exchequer Philip Hammond announced that insurance premium tax will increase from 10% to 12% in June 2017. He said: “Insurance premium tax in this country is lower than in many other European countries, and half the rate of VAT. “In order to raise revenue, which is required to fund spending commitments I am making today, it will […]
Union GMB is to ballot members at Bidvest Logistics after the company reconsidered the amount it was to increase employees’ pay by.
MP Robert Halfon’s fuel price transparency bill has been killed off, having failed to make its passage through parliament in time.
The FTA met with the Treasury last Thursday (5 February) to discuss the real effect the plummeting cost of oil was having on the freight transport sector.