UK/EU summit announced to boost trade, Logistics UK estimates £10bn annual gain by 2040
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Prime Minister Andy Burnham announced a UK/EU summit in the Commons that aims to increase trade between the regions, with Logistics UK chief executive Ben Fletcher estimating the summit could generate an additional £10 billion per year by 2040.
Logistics UK, which represents more than 22,000 members across road, rail, waterways, sea and air freight, ports, airports and warehousing, notes its members employ 8% of the UK workforce, contribute £175 billion in annual gross value added and enable over £1 trillion of international trade.