Business, Freight News, Logistics

Logistics could be catalyst to kickstart the economy

[ July 8, 2024   //   ]

Logistics UK has called on the new Labour government to partner with the freight sector to develop its promised industrial strategy. Logistics can boost productivity for all areas of the economy, says the industry business group. 

The logistics sector is key to driving economic growth and, as one of the UK’s largest employers, can deliver skilled roles and break down barriers to opportunity. 

Chief executive David Wells said: “Logistics underpins all sectors of the economy to deliver for households, businesses and public services, every day and is a major sector in its own right, employing 8% of the UK workforce. As a result, logistics is ideally placed to help the new government to get the economy moving again, providing its needs can be accommodated in the new government’s industrial strategy. If our members are to help get the new government off to the best possible start and give the economy a vital boost, it is essential that the Labour administration supports the logistics sector to drive the growth the country so desperately needs.”

Wells continued: “Efficient, cost-effective logistics is critical to every single part of the UK’s economy and our sector is poised to work in partnership with the new government to establish the infrastructure, decarbonisation, skills, innovation and trade policies that will get the country building again. By involving our members in the development of the planned industrial strategy and the government’s missions, we are confident that logistics can deliver productivity gains to supercharge the economy by up to £8 billion a year.”