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RHA appalled at ‘financial standing’ revelation
Date Listed: 11/01/2010
The Road Haulage Association is appalled that the Department for Transport has increased the financial standing requirement for the hire or reward sector by a staggering 30% with effect from 1 January 2010.
Hauliers will now have to show cash reserves of £8,100 for the first vehicle (up from £6,200) and £4,500 for each additional vehicle (up from £3,400).