LONDON, December 5, 2012 /PRNewswire/ --
The Chancellor's announcement that there will be an extra billion pounds investment in roads comes as good news to the Road Haulage Association. These new schemes, which include the upgrading of key sections of the A1, bringing the route from London to Newcastle up to motorway standard, linking the A5 with the M1, dualling the A30 in Cornwall and upgrading sections of the M25.
The RHA also welcomes the news that the Annual Investment Allowances will be increased tenfold from £25,000 to £250,000 from January, for two years. This is a transformation in policy - only in April 2012, the AIA was slashed from £100,000 to £25,000.
RHA Chief Executive Geoff Dunning commented: "The RHA lobbied HM Treasury hard for much improved allowances, to help stimulate growth and to protect SME's long-term balance sheet strength. Our position was broadly shared by organisations representing SMEs in the manufacturing and plant sectors, with which we worked".
"Today's Autumn Statement has brought us good news. It is encouraging to know that the Road Haulage Association has a voice that is listened to".
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SOURCE Road Haulage Association