The level of financial standing standard O-licence holders will have to demonstrate is likely to increase in 2017, due to the drop in the value of the pound against the euro. The FTA estimated that the financial standing rate will increase by around 15% from 1 January, taking it from £6,650 to £7,800 for the first vehicle, and from £3,700 to £4,300 for each additional vehicle. Under EU law, the rate is set at €9,000 for the first vehicle and €5,000 for subsequent […]
The collapse of British Steel stopped Prestons of Potto making a profit last year, but its owner said the Northallerton company was now back in the black.
A reduction in import tariffs for new trucks in the event of a no-deal Brexit will still cripple UK haulage, according to manufacturers and trade associations.