Written question asked by Bill Wiggin (Conservative) on Monday, 5 February 2024, in the House of Commons. It was due for an answer on Wednesday, 7 February 2024. It was answered by Kevin Hollinrake (Conservative) on Tuesday, 13 February 2024 on behalf of the Department for Business and Trade.
Freight: Insolvency
- Question
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To ask the Secretary of State for Business and Trade, what estimate she has made of the number of road haulage businesses entering insolvency in 2023; and what steps he is taking to support that industry.
- Answer
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In 2023 in the UK, 494 companies with a SIC code 49410 - Freight Transport by Road - entered insolvency.
At Autumn Statement 2023, the Government announced continuing support for haulage companies, freezing HGV Vehicle Excise Duty and the HGV Levy in 2024/25. This forms part of a package of support for hauliers, with the freezing of Fuel Duty announced at Spring Budget 2023, saving over £4,300 for the most common types of HGV in 2023/24.
The Department for Education is also offering high-quality apprenticeships and Skills Bootcamps, supporting the haulage sector to develop the skilled workforces it needs.
Secondary information
- Type
- Written question
- Reference
- 12931
- Session
- 2023-24
- Transferred
- Yes
- Subjects
- Business Insolvency Freight Roads
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-02-13 11:39:28 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/12931
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/12931
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/12931