Rachel Reeves' taxes cause drivers to avoid buying new cars as high fuel prices impact millions

Rachel Reeves' taxes cause drivers to avoid buying new cars as high fuel prices impact millions

Drivers have been warned that rising fuel costs and new Vehicle Excise Duty rates unveiled this month are affecting buying behaviours as financial pressures weigh on Britons.The financial squeeze on drivers could intensify due to the Middle East fuel crisis, with industry analysts warning that petrol prices may climb as high as £2 per litre across the country.Experts have examined five years of vehicle scrapping data to understand how these moun…