Morrisons Backs Farmers Against Inheritance Tax

Morrisons has publicly supported farmers protesting against Labour's proposed inheritance tax changes that threaten family-run farms. Sophie Throup, the supermarket's head of agriculture, released a video expressing solidarity with the farming community, stating, 'We understand your anger and frustrations at the inheritance tax, and we're with you.' The changes, set to take effect in April 2025, will impose a 20% inheritance tax on agricultural estates valued over £1 million, which critics warn could force many small farms to sell their land to cover the costs. Throup emphasized that Morrisons has been advocating against these changes at high government levels since November, and pledged ongoing support for farmers. The National Farmers' Union has voiced concerns that the impact of the tax will be more extensive than the government suggests, labeling it the 'family farm tax.' Protests are planned across the UK as farmers rally against the legislation.