Experts are calling on drivers to invest in classic cars for major tax benefits after Chancellor Rachel Reeves hiked Vehicle Excise Duty and Capital Gains Tax rates. Rachel Reeves became the first female Chancellor to unveil a Budget, as well as the first Labour Budget in around 14 years. She announced a number of huge changes impacting motorists. This included a surprise freeze to the 5p cut on fuel duty, raising Vehicle Excise Duty rates to promote the use of electric cars and additional funding to fill in more potholes. Capital Gains Tax have been hiked to 18 per cent for basic rate taxpaye…