As we reflect on the year following Kwasi Kwarteng’s mini-budget, we’re going to track the trajectory of interest rates and their impact on mortgages. The last 12 months have been a rollercoaster, with mortgage rates seeing a massive rise from their historical lows in Jan 2021. Around the middle of the previous year, the Bank Continue Reading…
On September 17th Wales introduced a new national speed limit of 20 mph. The reduction to the existing 30 mph limit came into force across all “restricted roads”. However England and Scotland have not yet followed the same course of action nationwide. Will that remain the case? 20mph limits have been in place in areas Continue Reading…
Late last month, Rishi Sunak announced a five year delay to the ban on the sale of new petrol and diesel cars. So how have Labour responded? The Tory party want to be seen as the motorists’ friend. In September Mr Sunak announced that he was “slamming the breaks on anti-motorist” measures. He clearly wants Continue Reading…
Most people don’t worry about going 1mph over the speed limit. Now, you might have to. Many are calling it a ‘war on drivers’. Most people (including those in the legal profession) know ‘the rule. If the speed limit is 30mph, you won’t get a speeding ticket unless you are going 10% plus 2 mph Continue Reading…
Running a business is full of challenges and uncertainties. While entrepreneurs focus on growth and profitability, unexpected events can disrupt even the most well-laid plans. Natural disasters, floods, fires and other unforeseen circumstances can halt operations and lead to significant financial losses. This is where Business Interruption Insurance comes into play, providing a crucial safety Continue Reading…
A ULEZ tax loophole for self-employed drivers has been highlighted. It effectively means many motorists will be able to claim back tax on the £12.50 daily charge. In certain circumstances, employees can also claim a degree of relief. The Mayor of London’s Ultra Low Emission Zone expanded to include all boroughs within the capital on Continue Reading…
Sadiq Khan’s ULEZ changes are having a massive impact on motorists across London, is there worse to come? On August 29th 2023, London’s Ultra-Low Emissions Zone (ULEZ) expanded to reach out to the M25. London Mayor, Sadiq Khan’s decision was met with challenges from Conservative councils and concerns from other London councils, primarily centred on Continue Reading…
TfL is demanding more of HGV drivers, but is it for their own good? Transport for London (TfL) has recently announced new guidelines. From October 2024, all heavy goods vehicles (HGVs) weighing more than 12 tonnes and operating within Greater London must either have a three-star Direct Vision Standard (DVS) rating or install the Progressive Continue Reading…
The rollercoaster ride for used car prices over recent years continues. Depreciation, the difference between a car’s purchase and resale value, has historically been pretty steady without much need for car owners to regularly review it. However, disruptions such as the semiconductor shortages and supply chain issues during the pandemic saw used car prices spike. Continue Reading…
Sunak has saved landlords from an uncertain future and thousands of pounds of costs or has he? In a recent move that has brought relief to the rental sector, Prime Minister Rishi Sunak has scrapped plans that would have burdened landlords with increasing the energy efficiency of their rental properties at their own cost. What Continue Reading…
