+44 (0) 117 317 9719 hello@nrglaw.co.uk

Transport Newsletter: New Levels for Financial Standing

As from the 1st January 2017 the required levels for financial standing will increase.

This is unsurprising as the levels are set against the Euro each year.

The new levels are £7850 for the first vehicle and £4350 for every subsequent vehicle.

This is a significant increase on previous levels which were £6650 and £3700 respectively.

You must have financial standing at all times and will be required to prove the same if you are, applying for more vehicles, upgrading your licence, continuing your licence, or are due to appear at a hearing.

If you have any Road Traffic, transport, or general legal issues you wish to discuss please contact me.

Jeremy Woodcraft
M: +44 (0) 7500717170

Share This