UK must back logistics as an engine of growth

As an industry with a reach that covers every inch of the UK, the logistics sector has the footprint and high-value jobs to support the government in meeting its target of delivering growth in every postcode.

The air cargo sector is integral to achieving these ambitions: £87bn of UK GVA is dependent on air cargo delivering ‘just in time’ high-value items and meeting growing consumer demand for e-commerce.

The green shoots of economic recovery that we are beginning to see are being driven by the whole logistics sector, and our own research shows overall business confidence is beginning to improve.

Tangible steps the government can take include maintaining the current fuel duty rate, including the 5p cut; reforming business rates to encourage investment in warehousing, freight infrastructure and supply chain productivity; and including logistics within the British Industrial Competitiveness Scheme (BICS) to reduce the cost of electricity as battery vehicles become even more prevalent.

This story was originally published by Air Cargo News. Read the full story at Air Cargo News →