Farmers Protest Inheritance Tax Changes in Wales
Farmers Protest Inheritance Tax Changes in Wales

Farmers Protest Inheritance Tax Changes in Wales

News summary

During the Welsh Labour conference, Prime Minister Keir Starmer reaffirmed his commitment to defend Labour's budget, which has faced significant backlash from farmers protesting outside the venue. Farmers are particularly aggrieved by recent inheritance tax changes, which they argue will exacerbate financial struggles in the agricultural sector and lead to higher food prices. Starmer maintained that the tough economic choices made by his administration were necessary for stability, despite claims that up to 66% of farm businesses could be affected by the new tax threshold of £1 million. Protesters, organized by Digon yw Digon, expressed their frustration with the government's failure to listen to the needs of farmers, emphasizing the sector's importance in feeding the nation. As tensions rise, a larger protest is planned for November 19 in Westminster, anticipating over 10,000 participants. Farmers warn that the changes could force them to sell land and jeopardize their ability to pass farms to the next generation.

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