The RHA’s claims of a “breakthrough” in its talks with ministers for extra support for the industry may come too late for many, as its own survey reveals thousands are now at risk of going bust. Responses to its surveys from companies running from one up to more than 50 HGVs show that 73% have significantly reduced or worse cashflow and 83% report significantly reduced or worse volumes. In addition, 15% said they had applied for a CBIL loan, but […]
Rates pressure, diesel prices and lorry road user levy revenues are among the points the RHA wants the chancellor to consider ahead of the Budget (20 March).
Fair Fuel UK has renewed its call for the government to cut fuel duty to spur the struggling economy, after the Bank of England slashed its UK growth forecast for 2012 to close to zero. Quentin Wilson, national spokesman for FairFuelUK, says: “Growth is paralysed so it’s time the government looked at cutting fuel duty to stimulate activity. If we spend less on fuel tax, we’ll spend more on other things.” Wilson argues fuel duty is one of the last […]
Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m.