Third of logistics firms need extension to furlough scheme

Nearly 11% of logistics businesses are still reporting severe or extreme disruption to their overall freight volumes in light of the Covid-19 pandemic.

Feedback from a new industry panel also showed that more than a third of companies would need an extension of the coronavirus job retention scheme to 2021 in order to allow them to continue or resume trading effectively.

Around half will be seeking relief to business rates or deferring their VAT, NI or corporation tax payments.

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Logistics UK said that its logistics industry panel had been created in order to identify where support was needed most as restrictions are eased and that it comprised “a significant group of businesses”, which would help inform the trade association’s discussions with the government.

Elizabeth de Jong, policy director at Logistics UK, said: “While the future shape of the economy and the ongoing economic impact of Covid-19 is still unclear, it is critical that Logistics UK ensures the government understands the effect of its policies and the support businesses require.”

The post Third of logistics firms need extension to furlough scheme appeared first on Motor Transport.

Nearly 11% of logistics businesses are still reporting severe or extreme disruption to their overall freight volumes in light of the Covid-19 pandemic. Feedback from a new industry panel also showed that more than a third of companies would need an extension of the coronavirus job retention scheme to 2021 in order to allow them to continue or resume trading effectively. Around half will be seeking relief to business rates or deferring their VAT, NI or corporation tax payments. Read […]
The post Third of logistics firms need extension to furlough scheme appeared first on Motor Transport.Read More

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