Falls in the value of sterling in the wake of the EU referendum have continued to hit Laser Transport International, which saw its pre-tax profit plunge by 64% last year. In its latest results for the year to 31 December 2017, the Hythe-based company reported that whilst turnover had risen by almost 3% to £17.3m (2016: £16.8m), pre-tax profit plummeted to £16.6m (2016: £45.7m) in the period. In its analysis of the results, the Palletline member said that despite “robust” […]
The Liberal Democrats have blamed Brexit and the subsequent fall in the value of the pound since the vote for a 5ppl increase in the cost of fuel over the period, something they claim will be a longer term trend despite the current respite in UK pump prices.
MT takes a look at yesterday’s pre-Brexit budget (29 Oct) delivered by Chancellor Phillip Hammond to see what lies ahead for the logistics sector and UK economy as it approaches a crucial point.
The RHA and FTA have attacked the Migration Advisory Committee’s call to favour high-skilled migrants after Brexit, warning it would amplify the skills shortage the logistics sector already faces.