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 […]
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]
The UK government’s ambitious new climate change target of cutting emissions by 78% by 2035 must involve its backing of fuel cells if it is to achieve net zero, according to hydrogen supporters.
DHL Supply Chain has been reappointed by Shell Bitumen in a new five-year contract starting on 1 March 2021.