Growth cannot be achieved without supporting transport

This week at our parliamentary reception, I had the opportunity to speak with MPs and Peers from across the political spectrum. Planning reforms and investment in infrastructure were two of the topics on the agenda.

As key economic enablers, we must always be on the front foot to future-proof the supply chain. Key to that will be policymakers working alongside us to minimise the financial burden and the regulations placed on businesses.

As our work continues on behalf of our industry, engaging with Ministers and stakeholders, we’re consistent that the Government's long-term vision for growth cannot be achieved without supporting the road transport sector – a sector that contributes billions to the economy and is crucial to the economic health of the country.

Businesses continue to need clarity and certainty to invest. On the topic of business rates, there are some real concerns in our sector about aspects of the Government’s wider business rates reform agenda. Operators want to see a system in place that supports growth and incentivises success, doesn’t punish it.

For firms —particularly those who are operating warehouses— some of the proposed business rates changes could result in unintended consequences like increased costs. With operating costs continually rising and some businesses in our space still going into administration, our members and industry want to know that the Government is prioritising these concerns.

A number of the changes announced in the Chancellor’s budget are increasing the strain on firms and as I’ve previously said, the rise in employers’ national insurance contributions will undoubtedly make creating jobs and expanding operations more difficult. For many businesses, these increases will have a detrimental impact. The last thing firms need right now are further legislative changes that would increase the burden on them.

Investment is the lifeblood of any economy. If we’re to encourage more investment and stimulate long-term economic growth across this country, we need to the conditions in place that will allow businesses to thrive.
In our view, this will mean legislators taking a fair and balanced approach to any reforms or additional changes.

We'll continue to engage with Government to get more clarity on these matters. Partnership and collaboration between industry and government remains key.

Equally, we’ll continue to work alongside other trade bodies in the months ahead where applicable. We've a collective responsibility to advance policies that enable growth and investment and to caution against policies that risk stifling both. I continue to believe a collaborative effort and a collective voice on common issues will be key as we navigate the challenges ahead.

As the largest dedicated trade association representing HGVs, LGVs and Coaches, we stand ready to work with decision-makers and partners to grow and contribute to a thriving economy.