Financial standing rate for standard O-licence holders to increase in 2018


From 1 January, standard O-licence holders will be required to demonstrate an increased level of financial facilities, after the drop in the value of value of the pound following the EU referendum. Both new applicants and existing operators will be required to demonstrate £7,950 (previously £7,850) for the first HGV and £4,400 (previously £4,350) for each additional vehicle they wish to be added to their O-licence. The financial standing requirement for restricted O-licence holders will remain the same at £3,100 […]