Investment in the UK’s transport and logistics infrastructure is urgently needed to counteract a significant fall in the country’s global competitiveness, according to the Freight Transport Association.
The FTA has just published its Logistics Report 2019, and UK policy director Elizabeth de Jong said: “Quality of infrastructure is a key priority for any business looking to invest in the UK, but this has been weakening for several years due to underinvestment in the road network, rocketing fuel prices, limited accessibility to all forms of transport, and an overall lack of innovative transport solutions.”
The FTA highlights the fact that the UK has dropped two places to eighth in the World Economic Forum’s 2018 Global Competitiveness Report, while a report by Ernst & Young found that the UK’s transport and logistics infrastructure has become less attractive to investors – falling from an attractiveness score of 80 to 62.
