🕒 Article read time: 2 minutes
Spring Budget date announced with Logistics UK poised for response
The Treasury has confirmed that the next Budget will be held on 6 March 2024.
Logistics UK will be submitting a representation to the Treasury outlining key asks based on the business group’s submission ahead of 2023’s Autumn Statement.
“The extension to the 5ppl cut in fuel duty is set to end on 23 March 2024, therefore the main focus of our response will be to ensure that costs to our industry are not increased at this time,” said Mariefi Kamizouli, Head of Economics & Productivity at Logistics UK, who added that “keeping costs down will enable the sector’s funds to be focused on decarbonisation.”
“To give the sector greater certainty, we will also be reiterating our calls for the introduction of a dynamic mechanism for fuel duty, to ensure that, in periods of high fuel prices, the Treasury keeps fuel duty down by taking into account its tax receipts from VAT and other sources.
Ms Kamizouli continues.
“We will also be reiterating our calls for government to establish a cross-Whitehall Logistics Productivity Forum, to maximise the benefits that the logistics sector can deliver to the whole economy.”
A Microsoft Teams call for members wishing to provide input into Logistics UK’s response to the Spring Budget will be held on Tuesday 16 January at 4pm.
If you would like to join the call, please email Policy@logistics.org.uk to receive the joining instructions.
If you are unable to join the call but would like to submit comments for consideration in our submission, please do share your thoughts on email to the above address.
Published On: 11/01/2024 14:00:00
Comments Section
If you are a Logistics UK member login to add comments.
In brief
Kuehne+Nagel pioneers carbon insetting for electric trucks to accelerate fleet electrification
Kuehne+Nagel has begun 2024 by announcing its Book & Claim insetting solution for electric vehicles, the first logistics service provider to launch this solution, which has been tested and validated in cooperation with leading external stakeholders.
Customers who use Kuehne+Nagel's road transport services can now ‘claim’ the carbon reductions of electric trucks when it is not possible to physically move their goods on these vehicles.
Reasons for that could be insufficient charging infrastructure or a limited driving range and payload. The solution helps to bridge those challenges which today still limit the deployment of electric trucks.
“We see battery electric vehicles (BEVs) as the future to reduce emissions in road freight. Carbon insetting supports the scale-up of low-emission solutions like BEVs and helps to reduce the premium that customers pay for these solutions, thereby supporting the decarbonisation of road transport,” says Hansjörg Rodi, Member of the Management Board at Kuehne+Nagel International AG, responsible for road logistics.
Latest articles
90,000 HGV movements to be reduced as Bow Goods Yard plan approved
The approved redevelopment of Bow Goods Yard will transform East London’s rail freight capacity, creating a sustainable logistics hub aimed at boosting rail freight capacity and reducing road congestion and emissions.
Read time: 2 minutes
View article
Generation Logistics Case Study
Annabel Freeman, Associate Director, UK Investment - SEGRO
Read time: 2 minutes
View article
Ask the MAC
With Dan Crutchington, Manager – Compliance Information, Logistics UK
Read time: 2 minutes
View article
