James Stamp, head of transport at KPMG UK comments on the Chancellor’s commitment to invest in UK roads. He said:
“In the last budget, the Government announced a major road investment program worth £15billion. Today, the Chancellor announced that road tax (VED) income will be “ring fenced”. This provides some clarity about where funding for the ambitious road projects will be found.
After two weeks of intensive rescue talks, Unipart Automotive has failed to find a buyer and called in administrators KPMG. Immediately afterwards administrators sold part of the business in a joint deal to car parts/workshop equipment distributors Andrew Page and The Parts Alliance. The deal will see Andrew Page acquire 21 branches and The Parts Alliance a total of 12. A total of 361 staff employed across these sites have transferred to Andrew Page and The Parts Alliance with immediate effect. Andrew Page announced it had rejoined The Parts Alliance on 8 July, the same day the news broke that Unipart Automotive had put the administrators on alert and was seeking out a rescue plan.