Farming Leaders Meet Treasury Amid Inheritance Tax Controversy

Farming leaders met with Treasury officials to discuss proposed changes to inheritance tax (IHT) rules that many in the agricultural sector claim could devastate family farms. The meeting, led by Exchequer Secretary James Murray, follows significant backlash against the government's Autumn Budget proposals, which include a reduction in agricultural property relief. Industry organizations, including the NFU and Tenant Farmers Association, are urging the Treasury to collaborate on solutions that protect British farming and food security. More than 275,000 people have signed a petition against the proposed changes, highlighting widespread concern. Leaders emphasized the need for the Treasury to listen to the agricultural community and related industries to avoid negative impacts on family-run businesses. Prime Minister Keir Starmer has defended the proposed tax reforms, which are set to take effect in April 2026.