While Chancellor Jeremy Hunt spared motorists a huge rise in fuel duty in-line with inflation in his Spring Budget, he refused to put a freeze on the cost of Vehicle Excise Duty (VED) – or car tax – from 1 April 2023.
The Budget document last month revealed that the government will ‘uprate VED rates for cars, vans and motorcycles in line with RPI’ – and with the Retail Price Index at 10.1 per cent, this translates to some major