Farmers Protest Inheritance Tax Changes in London
Farmers Protest Inheritance Tax Changes in London

Farmers Protest Inheritance Tax Changes in London

News summary

Farmers across the UK are gearing up for protests against proposed inheritance tax changes, which they argue threaten the survival of family farms. A major demonstration is set to take place in London, where hundreds of tractors will participate in a 'slow drive' around central landmarks, highlighting concerns over the new 20% tax on agricultural estates exceeding £1 million. Critics, including local councils and farming organizations, claim that as many as 66% of farms could be affected, contrary to government assertions that only 28% will see an impact. The Labour Government defends the changes as necessary to address tax loopholes exploited by wealthy investors, while farmers express fears that the tax burden will force them to sell or break up their farms. The situation is exacerbated by a growing sense of anger among farmers who feel abandoned by the government after years of hardship in the agriculture sector. Calls for government reassessment of the policy are growing as farmers emphasize the importance of food security and the future of farming in the UK.

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