Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to remove the 40-year Vehicle Excise Duty exemption for historic vehicles; and whether she has made an assessment of the potential impact of such a change on (a) the classic car sector and (b) the owners currently benefiting from that exemption.

The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.