Some drivers are set to see a hike in car tax of up to nearly £5,500 a year under new plans unveiled in the Budget this week. Rachel Reeves delivered her first Labour Budget this week and alongside her speech to parliament, the Treasury publishes a whole raft of documents alongside it detailing further updates and changes. In those documents, the government said it would raise the standard Vehicle Excise Duty (VED) rates - more commonly known as car tax - for cars, vans and motorcycles in line