Financial testing for restricted licences?

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Financial testing for restricted licences?

Financial resources testing for holders of restricted operator licences could change, depending on the outcome of a consultation.

The Traffic Commissioners for Great Britain are launching a consultation on whether a change in this needs to be enacted. The current rates (£3,100 for the first vehicle and £1,700 for each additional vehicle) have not been reviewed since 2004. The rates for standard licence holders are higher and set by European legislation.

Richard Turfitt, the Senior Traffic Commissioner for Great Britain, said: “The cost of maintaining vehicles properly has increased since we last reviewed the rates for restricted operators. Although we’ve taken a conscious decision not to place any additional burdens on restricted operators, especially following the period of economic downturn in 2008, it’s right to review the financial security test now and get the thoughts of industry and stakeholders on where the levels should be set.

“Restricted operators work in a number of diverse sectors so I encourage them all to engage with this consultation so we can understand the impact of any changes.”

The consultation will run from 11 June to 31 August 2018. The consultation webpage is available at: https://goo.gl/KtTVnN

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