Three quarters of British truckers expect to go out of business within just 2 months

3rd May 2020 / NewsBits
  • UK truckers are warning Boris Johnson’s government that thousands could go out of business in weeks without more financial support for dealing with the impact of the coronavirus on their industry.
  • The truckers are playing a vital role in transporting essentials like food and PPE around Britain during the coronavirus pandemic, but their futures still look bleak. Three-quarters say they don’t expect their jobs to survive beyond two months, a stark new survey, conducted in the latter part of April and published this weekend, has found.
  • When asked by the RHA how long they expect their livelihoods to survive at current volume, 75% said two months or less, while 52% said no more than a month. 13% said they expected to go out of business within two weeks. The pain being inflicted on the industry is particularly acute for truckers moving loads, which aren’t food and PPE.
  • Demand for other goods like clothing has plummeted amid the COVID-19 outbreak, while the UK government’s strict social distancing measures have forced shops, restaurants, and factories across the country to close.

Source: Business Insider


At a time when reporting the truth is critical, your support is essential in protecting it.
Find out how

The European Financial Review

European financial review Logo

The European Financial Review is the leading financial intelligence magazine read widely by financial experts and the wider business community.