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Old cars have become the territory of the rich and privileged
Are the rich and privileged precisely the people who don't mind paying ULEZ tax to drive their classic car? I work (normally) in Chelsea, my boss spots almost daily on his way to the office the same car with a new parking fine everytime, in a resident only street. Probably practical for the (wealthy) owner... Why bother with legal parking when you can afford the fine.
I don’t really expect the exemption to last indefinitely, but it makes you think.