Rachel Reeves rejects alternative for ‘cruel’ family farm tax
1 month, 2 weeks ago

Rachel Reeves rejects alternative for ‘cruel’ family farm tax

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves has rejected an alternative proposal to her inheritance tax raid on family farms which farmers across the UK have damned for being “cruel” and warned will spell the end of their sector. Mr Glen, whose Salisbury constituency has farming interests, suggested that if Ms Reeves had wanted to “target large wealthy people who buy vast tracks of land” to avoid tax, then she could have looked at business assets rollover relief. Mr Glen warned that even with the 10 year interest free deal to be allowed to pay off the inheritance tax, then farmers would still be lumbered with an “unaffordable” £100,000 or more a year. Ms Reeves told the committee that the old rules which had been in place were unsustainable adding: “I think we have got a fair balance.” She promised to “work with farmers to explain how this new system will work.” But farmers, who plan to protest in large numbers on 19 November in London, have told The Independent of a mental health crisis already hitting the sector because of financial problems.

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History of this topic

Farm tax changes under fire in Parliament as angry farmers protest outside
1 week, 5 days ago

Farm tax changes under fire in Parliament as angry farmers protest outside

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Obviously, the idea is that we want to pass it down to the next generation, but farmers are asset-rich, …

Opposition growing to family farm tax ahead of major protest in London
2 weeks ago

Opposition growing to family farm tax ahead of major protest in London

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Opposition to Rachel Reeves’ family farm tax raid is growing ahead …

Farmers will fight 'for as long as it takes' to halt Rachel Reeves's inheritance tax raid, union president warns
2 weeks, 6 days ago

Farmers will fight 'for as long as it takes' to halt Rachel Reeves's inheritance tax raid, union president warns

Daily Mail  

Farmers will fight ‘for as long as it takes’ to halt Rachel Reeves’ inheritance tax raid, the president of the National Farmers’ Union warns today. Writing in the Mail as MPs prepare to debate the ‘family farm tax’ in the Commons this afternoon, Tom Bradshaw says farmers will not ‘let this go’. The Chancellor’s reforms to inheritance tax relief will …

Reeves’s inheritance tax raid ‘hits farmers harder than tax avoiders’
1 month ago

Reeves’s inheritance tax raid ‘hits farmers harder than tax avoiders’

The Telegraph  

Rachel Reeves’s inheritance tax raid will hit farmers harder than wealthy investors using land for financial planning purposes, analysis has found, despite claims the Chancellor wants to make the system “fairer”. Dan Neidle, founder of the think tank, said: “This suggests the Budget proposal doesn’t go far enough to stop avoidance, but goes too far in how it applies to …

BBC's Victoria Derbyshire clashes with Labour minister as he urges farmers to 'find out how inheritance tax works' if they are 'anxious' about budget
1 month ago

BBC's Victoria Derbyshire clashes with Labour minister as he urges farmers to 'find out how inheritance tax works' if they are 'anxious' about budget

Daily Mail  

A Labour minister has been accused of being 'patronising' by BBC presenter Victoria Derbyshire after telling farmers anxious about the so-called 'tractor tax' they should find out how it works. Victoria Derbyshire, presenter of BBC2's Newsnight, accused Labour minister James Murray of being 'patronising' after he urged farmers to find out how inheritance tax works He was speaking on the …

UK farmers rally to oppose government's inheritance tax reforms
Trending News
1 month ago

UK farmers rally to oppose government's inheritance tax reforms

Hindustan Times  

British farmers called on the government on Tuesday to revoke a contentious proposal to alter inheritance tax laws for land ownership, threatening to jam the streets of London. Farmers drive their tractors past the Houses of Parliament during a protest against issues including substandard food imports, in London, UK, on Monday, In the past, farming enterprises were eligible for a …

Ailbhe Rea: Farmers Descend on Westminster
1 month ago

Ailbhe Rea: Farmers Descend on Westminster

Bloomberg  

We’ve had an influx of muddy wellies and flat caps in parliament today as farmers protest against the changes to inheritance tax announced in last month’s budget. They marched on Whitehall, tractor horns wailing and accompanied by famous faces including Jeremy Clarkson and Andrew Lloyd-Webber, before descending on parliament to personally lobby MPs against the plan to levy inheritance tax …

Labour peer says Keir Starmer's inheritance tax raid on family farms 'smells of incompetence' and is hammering the party's rural support as ministers brace for London protest
1 month ago

Labour peer says Keir Starmer's inheritance tax raid on family farms 'smells of incompetence' and is hammering the party's rural support as ministers brace for London protest

Daily Mail  

Keir Starmer's inheritance tax raid on farmers 'smells of incompetence' and is hammering the party's support in rural areas, a Labour peer has warned. Speaking to reporters on the way to the G20 summit in Brazil, Sir Keir said 'it is very important that we support farmers' but added: 'Obviously, there's an issue around inheritance tax and I do understand …

Rachel Reeves’s flawed inheritance tax for farmers demands a rethink
1 month ago

Rachel Reeves’s flawed inheritance tax for farmers demands a rethink

The Independent  

After revealing £40bn of tax rises on business and the better-off in last month’s Budget, Rachel Reeves could – just about – argue that “working people” had not been directly affected. It is increasingly obvious that the chancellor was unwise to include farmers on her hit list by announcing that, from April 2026, agricultural estates worth more than £1m will …

Government confusion over how many farms will be hit by controversial tractor tax
1 month, 1 week ago

Government confusion over how many farms will be hit by controversial tractor tax

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Getting this right in the first instance, as well as carrying out meaningful consultation with …

Farmers may never trust Labour again after inheritance tax change, say Tories
1 month, 1 week ago

Farmers may never trust Labour again after inheritance tax change, say Tories

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Farmers may never forgive Labour for the change to inheritance …

Sainsbury's boss backs Britain's farmers as he warns Chancellor Rachel Reeves' inheritance tax raid threatens UK food security
Trending News
1 month, 2 weeks ago

Sainsbury's boss backs Britain's farmers as he warns Chancellor Rachel Reeves' inheritance tax raid threatens UK food security

Daily Mail  

The boss of Sainsbury's has backed farmers in a fresh warning that the Chancellor's inheritance tax raid threatens food security. Simon Roberts is the first major supermarket boss to speak out amid fears that changes to farm inheritance rules could harm the country's ability to grow its own food. George Weston, boss of Associated British Foods, which supplies farmers with …

Labour's inheritance tax raid on family farms could turn them into 'net zero forests' used by foreign firms for carbon offsetting instead of food, landowners claim
Trending News
1 month, 2 weeks ago

Labour's inheritance tax raid on family farms could turn them into 'net zero forests' used by foreign firms for carbon offsetting instead of food, landowners claim

Daily Mail  

Labour's plan to force farmers to pay inheritance tax on agricultural land could see it taken out of food production by foreign firms who use it for carbon offsetting, a leading landowners organisation has claimed. The head of the Country and Land Business Association warned that tracts of productive soil could also be bought up by environmental charities for 'biodiversity …

Labour accused of ‘traumatising’ farmers in inheritance tax raid amid warning over mental health crisis
Trending News
1 month, 2 weeks ago

Labour accused of ‘traumatising’ farmers in inheritance tax raid amid warning over mental health crisis

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves has …

Furious farmers plot to withhold food to cause shortages on supermarket shelves and warn 'we're only four meals from anarchy' amid outrage at Rachel Reeves' inheritance tax raid
Trending News
1 month, 2 weeks ago

Furious farmers plot to withhold food to cause shortages on supermarket shelves and warn 'we're only four meals from anarchy' amid outrage at Rachel Reeves' inheritance tax raid

Daily Mail  

Britain's farmers launched their first protest today against Labour's farm inheritance tax rule changes, amid fears a strike could cause shortages on supermarket shelves. Under plans announced in last week's Budget, inheritance tax will be charged at 20 per cent on agricultural assets above £1million - although Chancellor Rachel Reeves has said that in some cases the threshold could in …

How Rachel Reeves' inheritance tax raid could hit the UK's ability to grow food
1 month, 2 weeks ago

How Rachel Reeves' inheritance tax raid could hit the UK's ability to grow food

Daily Mail  

Food security could be at risk following the Labour Budget, a leading farm industry figure has warned. Farmers demonstrated in London in March over food security fears - and it is feared they could do so again After Rachel Reeves' Budget, the government was warned the new measures could stop an entire generation from farming Food security could be at …

Politics latest news: Tories would reverse Labour’s ‘cruel family farms tax’, says Badenoch
Trending News
1 month, 2 weeks ago

Politics latest news: Tories would reverse Labour’s ‘cruel family farms tax’, says Badenoch

The Telegraph  

Kemi Badenoch said the Tories would reverse Labour’s “cruel family farms tax”. The Tory leader said the Government’s inheritance tax raid on farmers had created uncertainty for the agricultural sector as she pressed Sir Keir Starmer to reassure worried families. “I am very clear that we would reverse Labour’s cruel family farms tax. “When it comes to inheritance, the vast, …

How the ‘tractor tax’ became a problem for Rachel Reeves
Trending News
1 month, 2 weeks ago

How the ‘tractor tax’ became a problem for Rachel Reeves

The Independent  

Rachel Reeves is caught in the crosshairs of a piece of alliteration that threatens to unravel part of her Budget: the “tractor tax”. If you have a sizeable enough investment portfolio to pass on – or even just a modest house in London or South East England – a bequest to anyone other than your spouse or civil partner will …

My 250-acre farm has been in our family for four generations, but we now face a £400,000 inheritance tax bill and may be forced to give it up... this is the final nail in the coffin
1 month, 2 weeks ago

My 250-acre farm has been in our family for four generations, but we now face a £400,000 inheritance tax bill and may be forced to give it up... this is the final nail in the coffin

Daily Mail  

Struggling farmers have accused Labour of 'lying' and said inheritance tax changes are the 'final nail in the coffin' as they react angrily to Chancellor Rachel Reeves' Autumn Budget. Andrew Smith, 56, said the move to introduce a 20 percent inheritance levy on farm assets above £1 million marks a 'betrayal' by the Labour government Mr Smith said the new …

Farmers want to be ‘militant’ in response to inheritance tax raid, warns NFU
1 month, 2 weeks ago

Farmers want to be ‘militant’ in response to inheritance tax raid, warns NFU

The Telegraph  

Farmers want to be “militant” in response to Rachel Reeves’s inheritance tax raid, the president of the National Farmers Union has said. Tom Bradshaw, the president of the union, which represents more than 46,000 farming and growing businesses, said something “has to change” on the policy, which was announced by the Chancellor in the Budget last week. Ms Reeves said …

Three quarters of British food will be hit by Reeves’s tax raid, warn farmers
1 month, 2 weeks ago

Three quarters of British food will be hit by Reeves’s tax raid, warn farmers

The Telegraph  

Three quarters of food produced by British farmers will be hit by Rachel Reeves’s inheritance tax raid, the industry has warned. Tom Bradshaw, chief executive of the National Farmers’ Union, said an estimated “75pc of the total farmed area” would be subject to death duties despite the Chancellor’s claims that only a minority of farmers will be hit. So there …

Backlash as NFU farm chief says Rachel Reeves’ ‘tractor tax’ will hit seven in 10 farms
1 month, 2 weeks ago

Backlash as NFU farm chief says Rachel Reeves’ ‘tractor tax’ will hit seven in 10 farms

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves has …

Rachel Reeves is warned a generation could abandon farming as she defends Budget inheritance raid
1 month, 2 weeks ago

Rachel Reeves is warned a generation could abandon farming as she defends Budget inheritance raid

Daily Mail  

Rachel Reeves has been warned a generation could give up farming as she defended her Budget inheritance raid. Rachel Reeves has been warned a generation could give up farming as she defended her Budget inheritance raid Ms Wilson said: 'On paper our farm is a valuable asset. Ms Reeves told the Sunday With Laura Kuenssberg programme that 'only a very …

Chancellor defends proposed changes to inheritance tax on farms
1 month, 2 weeks ago

Chancellor defends proposed changes to inheritance tax on farms

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has defended her …

Jeremy Clarkson accuses Labour of trying to 'nationalise the countryside' and jokes 'one day all this will be Rachel Reeves' as fury over farming inheritance tax raid grows
1 month, 2 weeks ago

Jeremy Clarkson accuses Labour of trying to 'nationalise the countryside' and jokes 'one day all this will be Rachel Reeves' as fury over farming inheritance tax raid grows

Daily Mail  

Jeremy Clarkson has accused Labour of trying to 'nationalise the countryside' as fury continues to grow over the crackdown on inheritance tax on farmers. Jeremy Clarkson has accused Labour of trying to 'nationalise the countryside' as fury continues to grow over the crackdown on inheritance tax on farmers Clarkson questioned whether fathers will be able to pass on the trading …

Elon Musk tells Keir Starmer to 'leave the farmers alone' after Labour's raid on inheritance tax sparks uproar from farming families who fear 'disgusting land grab' will destroy their way of life
1 month, 3 weeks ago

Elon Musk tells Keir Starmer to 'leave the farmers alone' after Labour's raid on inheritance tax sparks uproar from farming families who fear 'disgusting land grab' will destroy their way of life

Daily Mail  

Elon Musk has slammed Labour's brutal inheritance tax hike that will negatively impact farming families. His comments come as Sir Keir Starmer and the Labour party announced a tax shake-up this week, including a major change to inheritance tax. Elon Musk has slammed Labour's brutal inheritance tax hike that will impact farming families Musk's comments come as Sir Keir Starmer …

Government urged to do right thing and reverse ‘family farm tax’
1 month, 3 weeks ago

Government urged to do right thing and reverse ‘family farm tax’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Angry farmers left reeling from …

Rachel Reeves tells furious farmers it is 'fair' that they pay higher death taxes on their land amid rural anger led by Kirstie Allsopp and Jeremy Clarkson at Budget cash raid
1 month, 3 weeks ago

Rachel Reeves tells furious farmers it is 'fair' that they pay higher death taxes on their land amid rural anger led by Kirstie Allsopp and Jeremy Clarkson at Budget cash raid

Daily Mail  

Rachel Reeves has slapped down farmers furious at Budget plans to hike inheritance tax on agricultural land, saying it is a 'fair' way of raising money. The Chancellor defended her decision to reform the way death taxes affect farms amid fury from the industry and high-profile celebrities like Jeremy Clarkson and Kirstie Allsopp. But the Chancellor last night insisted that …

How farm tax could be a political issue after Rachel Reeves’s Budget
1 month, 3 weeks ago

How farm tax could be a political issue after Rachel Reeves’s Budget

The Independent  

Although farming only accounts for about 2 per cent of UK GDP, the role of farmers as custodians of the countryside and providers of food means agriculture assumes a disproportionate place in the national discourse. No surprise, then, that Rachel Reeves’s proposed expansion of inheritance tax to include farmland has sparked considerable controversy. She’s hiking tax by reducing the previous …

The farmers left fearing for their future: Labour is accused of a 'disgusting land grab' as budget's inheritance tax raid threatens to 'destroy communities forever' by forcing family farms to sell up
1 month, 3 weeks ago

The farmers left fearing for their future: Labour is accused of a 'disgusting land grab' as budget's inheritance tax raid threatens to 'destroy communities forever' by forcing family farms to sell up

Daily Mail  

Farmers have taken to social media to share their horror at a brutal inheritance tax hike they say threatens to end family farming in Britain. Emma Gray, a shepherdess from Argyll and Bute on the west coast of Scotland, took to TikTok to declare the policy 'a disgusting land grab' Olly Harrison, a farmer and YouTuber, declared he now 'can't …

Farmers will have to stump up hundreds of thousands of pounds, Tories claim
1 month, 3 weeks ago

Farmers will have to stump up hundreds of thousands of pounds, Tories claim

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shadow business secretary Kevin Hollinrake warned Labour MPs who intend to have a pint in a local pub and …

Shoppers told to expect higher prices after ‘shameless’ tax raid on farmers
1 month, 3 weeks ago

Shoppers told to expect higher prices after ‘shameless’ tax raid on farmers

The Telegraph  

The price of fresh vegetables grown in Britain could rise by as much as 20pc after Labour launched a “shameless” tax raid on farmers. The Lea Valley Growers Association, whose members grow three-quarters of Britain’s cucumber, aubergine and sweet pepper crop, said higher costs “cannot be absorbed by growers so will be passed on to shoppers”. However, these will now …

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
1 month, 3 weeks ago

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise

Daily Mail  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' National Insurance, breaking a manifesto pledge not to raise a levy she previously called a 'jobs tax'; Announced an immediate £25 billion cash injection for the NHS, despite …

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show
2 months ago

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Britons are already …

Rachel Reeves eyes inheritance tax raid on aristocrats and landowners
2 months ago

Rachel Reeves eyes inheritance tax raid on aristocrats and landowners

The Telegraph  

The Chancellor is set to hit aristocrats and other wealthy property owners with a £1 billion inheritance tax raid in her Budget. She could also tackle agricultural property relief, which is designed to help farmers pass land on but has increasingly been used by the wealthy to avoid inheritance tax. Business relief currently allows the rich to halve inheritance tax …

Rachel Reeves warned inheritance tax plans will backfire
2 months ago

Rachel Reeves warned inheritance tax plans will backfire

The Telegraph  

The Labour manifesto promised that the party would “not increase taxes on working people” and Ms Reeves now appears to be struggling to raise enough within those constraints. The Chancellor is also expected to target inheritance tax in the budget by attempting to raise £1billion by removing exemptions for businesses and agricultural land. Nullifying the change However, Maxwell Marlow, director …

Budget backlash intensifies as Rachel Reeves warned over inheritance tax hike
2 months ago

Budget backlash intensifies as Rachel Reeves warned over inheritance tax hike

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves has been warned that her plan to hike …

The real problem facing Rachel Reeves over inheritance tax...
2 months ago

The real problem facing Rachel Reeves over inheritance tax...

The Independent  

Suitably, as Halloween approaches, the “death tax” is spooking Britain again. The pre-Budget scuttlebutt suggests inheritance tax is in Rachel Reeves’s sights as she battles to plug a fiscal black hole that could be as high as £40bn. HM Revenue & Customs figures for the 2021-22 tax year show that just 4.39 per cent of UK estates – 27,800 – …

Inheritance tax to rise in Budget as Reeves plans to hit well-off
2 months ago

Inheritance tax to rise in Budget as Reeves plans to hit well-off

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unfortunately it looks like it will be people who have …

Reeves declines to rule out inheritance tax hike amid ‘painful’ Budget warning
3 months, 3 weeks ago

Reeves declines to rule out inheritance tax hike amid ‘painful’ Budget warning

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves has declined to rule out an inheritance …

Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT
6 months, 3 weeks ago

Rachel Reeves is accused of plotting a £20BILLION tax raid on pensions after denying Labour would increase VAT

Daily Mail  

Rachel Reeves was last night accused of plotting a £20billion tax raid on pensions after ruling out a VAT increase. Work and Pensions Secretary Mel Stride seized on a 2018 pamphlet written by the shadow chancellor in which she suggested tax relief on pension contributions paid by high earners 'could be restricted'. Rachel Reeves was last night accused of plotting …

Hunt warns against fuelling inflation but hints at tax cuts for businesses
1 year, 1 month ago

Hunt warns against fuelling inflation but hints at tax cuts for businesses

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. But we …

Rachel Reeves tells Labour child benefit rebels: We won’t back down
1 year, 5 months ago

Rachel Reeves tells Labour child benefit rebels: We won’t back down

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has fired back at Labour MPs sharing their anger …

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