Voting members of retail market operator MOSL have approved a £10.7 million budget for its 2018/19 Business Plan.

The budget includes a base cost of £8.9 million, a £1 million budget for change costs and a £0.8 million market audit cap. This marks an overall 18% reduction in MOSL’s membership charge compared to last year.

MOSL’s areas of focus for the year ahead fall under five key pillars of stabilisation, service, engagement, innovation and governance.

The full Business Plan will be published early in the New Year.