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Budget: UK’s Major Ports welcomes infrastructure development, calls for broader measures to attract investment

Commenting on today’s Budget Tim Morris, Chief Executive of the UK Major Ports Groups, the trade body representing the gateways for 75% of the UK’s seaborne trade, said:

“The UK’s Major Ports welcomes the Chancellor’s vision of the UK as an outward looking, free-trading nation and his support for infrastructure development, particularly the rail network. However, for the UK to achieve its trade potential its vital that infrastructure development includes significant freight capacity. The UK needs to see an upgrading of its freight networks alongside passenger traffic. We therefore very much welcome the Chancellor’s commissioning of the National Infrastructure Commission to undertake a study on the future of freight.

As major providers of investment and jobs to the UK’s hard pressed coastal communities, the UK’s Major Ports welcome moves to encourage development of these areas. But these moves shouldn’t be confined to one-off special cases, however worthy. A reinvigorated approach is required to significantly increase the attractiveness of coastal locations more widely as investment locations.”