A new City of London Police Commercial Vehicle Unit has stopped 136 HGVs and taken 95 off the road in its first month. Funded by TfL and launched last month, the unit’s intelligence-led crackdown found drivers of non-compliant vehicles were also committing offenses such as not having insurance, having inappropriate licenses, unsafe tyres, unsafe loads and inaccurately recording drivers’ hours. The new unit complements the Metropolitan Police Service CV Unit and the Industrial HGV Task Force, which targets non-compliant commercial […]
Stobart Group has revealed it is abandoning its plan to launch a savings bond. In a statement to the City yesterday, the group said it had walked away from a plan revealed on 13 November that would have seen it launch a six-year retail bond with a fixed rate of 5.5% per year. The closing date for bond applications – the issue of which was being managed by investment bank Canaccord Genuity – was today (27 November). In a statement […]
The DVSA is introducing a new payment portal for fixed penalty roadside fines this month to replace chip and PIN payments.
The new head of the DVSA has promised that its ‘earned recognition’ scheme will be a huge benefit to operators, “as they will be able to work in a freer way than they can now”.