🕒 Article read time: 2 minutes
Logistics UK welcomes efforts to stabilise the economy but says more detail is needed
News that the government is taking steps to stabilise the economy have been welcomed by Logistics UK.
However, the business group says that more detail is required to reassure business and provide time to enable effective planning and budgeting.
“A fast-moving industry like logistics needs reassurance that the government has both credible short-term plans to manage costs and clear long-term goals,” said Kate Jennings, Policy Director of Logistics UK, “Commitment to investment plans for road and rail, as well as policies which support delivery of zero carbon and ensure energy resilience remain crucial so that business can plan effectively today and for the future.”
With energy security risks, rising fuel costs, challenges to investment and skills shortages among the issues currently challenging the bottom line, financial uncertainty looks set to continue in the short term.
“Logistics underpins every area of our economy,” Jennings said, “and we urge the Chancellor to provide full proposals on 31 October to ensure that businesses in our sector can have the confidence to continue investment and plan effectively, so that they can help power the economic recovery we all desire.”
*www.logistics.org.uk/campaigns/taxation
Published On: 20/10/2022 15:45:00
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