Britons are being warned that car tax rates will be hiked in the coming months, while some drivers will experience a large saving in motoring costs. The Government documents for the Autumn Statement detail how changes will take place and what impact they will have on the economy. It announced that the Government will uprate Vehicle Excise Duty rates for cars, vans and motorcycles in line with RPI from April 1, 2024. The policy objective of the tax hike is to “ensure that VED receipts are maintained in real terms and that motorists make a fair contribution to the public finances”. Changes to th…