Despite a clear lack of additional stimulus for the struggling logistics sector in yesterday’s pre-Budget report, the Freight Transport Association (FTA) is relieved that existing schemes to enhance the UK’s transport infrastructure have been left untouched.
James Hookham, FTA’s Managing Director of Policy and Communications, said: "Given the Chancellor’s previous form we were not overly optimistic about a U-turn in the above inflation fuel duty rises already planned until 2013. After all, the road transport sector has long been a tempting target for revenue raising, which is made more vulnerable in times of crisis.
"However, it is comforting to see that the government has heeded industry’s warnings about protecting key infrastructure projects, which will not only enable job creation but help to make our transport networks greener, safer and more efficient too."
The main theme of FTA’s party conference campaign this year was the importance of investment in key infrastructure projects. FTA impressed on politicians from all sides that innovative investment in a more efficient transport network via, for example, improving the M1 motorway, investing in the electrification of the Great Western rail line and developing the strategic freight network, will help rebuild the UK economy and help meet Britain’s climate change ambitions.
"A successful economy is inextricably linked to an efficient transport network. We are pleased that, for now at least, the Chancellor has listened to industry and continued with these vital transport infrastructure projects."