News / UKWA and FTA call for government help to prevent logistics bankruptcies

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UK logistics representatives have renewed calls on the government to step in with financial assistance to the sector, warning that scores of businesses are on the verge of bankruptcy.

Freight Transport Association (FTA) chief executive David Wells today lambasted banks for either stalling or ignoring businesses that have applied for the Coronavirus Business Interruption Loan Scheme (CBILS), for which UK chancellor Rishi Sunak earmarked £330bn to be administered by banks to help businesses survive the pandemic.

“It seems banks are simply not ...