The government has announced it is going ahead with the plan to increase Court fees. The fee for issuing a money claim worth more than £10,000 will be increased to 5% of the sum claimed subject to a maximum fee of £10,000. The fee for claims of less than £10,000 will not be increased at present. It is likely the fee increase will mean a reduction in the number of claims made and the parties will instead be resorting to other methods for resolving disputes such as mediation.
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Please note the above is for information purposes only and is intended to be a short summary. It should not be treated as a comprehensive guide and should not be acted on without qualified legal advice.