A price-fixing compensation action has attracted more than 2,000 hauliers since it went live in June of this year, the RHA said today. According to the association, which is leading the action before the Competition Appeal Tribunal in London with support from legal counsel Backhouse Jones and Exchange Chambers, 650 other hauliers have also expressed an interest. The RHA, which has funding from Therium for the legal action, claimed those already signed up represent circa 120,000 vehicles at 6-tonnes up […]
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.
The chancellor has frozen fuel duty in his Autumn Statement today, meaning the scheduled rises scheduled for January and April next year will no longer take place. George Osborne gave no hint of a cut but said fuel would only see “inflation only rises” until September – effectively meaning the April 2013 increase has been deferred to 1 September 2013. PriceWaterhouseCoopers forecast the move would cost the public coffers £6bn, although research commissioned by campaign group FairFuelUK argued the planned […]