UK Inflation Surges Amid Farming Tax Protests
UK Inflation Surges Amid Farming Tax Protests
UK Inflation Surges Amid Farming Tax Protests
News summary

During Prime Minister's Questions (PMQs), Angela Rayner represented Labour while the Prime Minister attended the G20 summit. A significant topic was the controversial introduction of a 20% inheritance tax on agricultural assets over £1 million, set to take effect in April 2026, which sparked protests from farmers who argue it could affect a majority of farm businesses. Lee Anderson, a Reform MP, criticized the tax as a 'mad cap' idea, while Rayner defended Labour's support for farmers. Additionally, UK inflation rose to 2.3% in October, the highest increase in two years, primarily due to rising household energy bills. Chris Philp, the shadow home secretary, emphasized the need for increased support for Ukraine amid ongoing conflict. The political landscape is further complicated by party leadership changes and strategic appointments for PMQs.

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