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Classic cars aged over 40 years will continue to remain exempt from paying Vehicle Excise Duty, Rachel Reeves has confirmed in her Autumn Budget.

Long-standing tax relief for vintage vehicles will remain, despite a host of other tax changes, Ms Reeves has confirmed. Dale Keller, CEO of the Historic and Classic Vehicles Alliance, welcomed the decision, saying: "Preserving the exemption aligns with the Government's wider environmental goals through maintaining vehicles whose lifecycle carbon impact is negligible compared to the manufacture of new vehicles."

Mark Roper, managing director of Hagerty UK, said: "Along with the announcement that a freeze on fuel duty will continue, this is very welcome news for classic car owners and for an industry that contributes over £3billio

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