All comment attributable to David Brennan, CEO of Nexus Vehicle Rental.
As we come to terms with the implications of Brexit, including the political and economic ambiguity of the last few years, we are now facing continued uncertainty surrounding the spread of Coronavirus and its impact on the country.
Today’s Budget announcement highlights the need for businesses to remain flexible, agile and adaptable and we are positive that emergency measures to protect the health and wellbeing of the UK population will support individuals and businesses as we face this new challenge.
Whilst looking after the wellbeing of our workforce, clients and suppliers’, the priority for the business will remain in delivering great service and keeping people and goods mobile, wherever and whenever it is safe to do so.
We welcome the Chancellor’s announcement that there will be a £500 million investment in the charging hub roll-out for electric vehicles, as it has been clear for some time that the UK’s infrastructure requires further support to propel businesses and consumers towards the adoption of greener mobility solutions.
Until this improved EV infrastructure is in place, we also welcome the continued freeze on fuel duty. Whilst committed to supporting businesses transition to greener mobility, we recognise that for those operating fleets, this has a huge impact on their bottom line and we are glad that the government continues to act in a way that protects the transport and logistics sector, which is critical to our national economy.
As we see improved connectivity for supply chains and increased efficiency for goods and services across all borders, the UK’s wider economy should also benefit from this in the long term, while we take sensible measures to protect our economy in the short term.
This coupled with the announcement of investments to build 4,000 miles of strategic roads and motorways to the tune of £27 billion, the transport and logistics sector should be buoyed by today’s Budget.