Farmers Urge Reversal of Inheritance Tax Changes
Farmers Urge Reversal of Inheritance Tax Changes
Farmers Urge Reversal of Inheritance Tax Changes
News summary

Chancellor Rachel Reeves has faced severe backlash from farmers following her announcement of a 20% inheritance tax on agricultural assets exceeding £1 million, which critics argue could jeopardize Britain's food security. Farmers are expressing concerns that the new tax rules, which prevent the sharing of tax relief between spouses, may force them to sell land and split properties, undermining generational farming continuity. Industry leaders warn that the tax could lead to increased reliance on imports and higher food prices, while some farmers are contemplating strikes to disrupt the food supply chain in protest. The National Farmers' Union has called for urgent dialogue with Labour leadership to address these concerns, which are echoed by major food suppliers like Associated British Foods. The long-term implications of the tax could result in a decline in domestic food production, raising alarms about sustainability and self-sufficiency. As the November 19 rally approaches, discontent among farming communities is palpable, highlighting the fragile state of Britain's agricultural sector.

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