Senior Traffic Commissioners statutory guidance number 2 – finance, has been reviewed and includes a change to the financial standing operators are required to have access to. 

The new financial standing required comes into force in January 2021 requiring there to be £8,200 for the first vehicle and £4550 for each subsequent vehicle authorised on the operator licence.

For further information within read Statutory Document 2 – finance:

https://www.gov.uk/government/publications/traffic-commissioners-finance-march-2019