Furious farmers call on Labour to axe its inheritance tax raid ahead of key meeting with ministers - as rural rebellion over Chancellor's shock move threatens to boil over
Daily MailFurious farmers are calling on the Government to reverse their plans to charge inheritance tax on farms - with the head of the National Farmers' Union claiming it is 'the only sensible course of action'. NFU president Tom Bradshaw is to meet Environment Secretary Steve Reed for crunch talks on Monday amid a growing furore over the Rachel Reeves's decision to make farms subject to inheritance tax. A number of farmers have warned that the inheritance tax raid could destroy communities, as Jeremy Clarkson claimed the changes 'could be the last straw for farmers who are already struggling to cope'. NFU president Tom Bradshaw is to meet Environment Secretary Steve Reed for crunch talks on Monday amid a growing furore over the Chancellor's decision to make farms subject to inheritance tax His statement comes after Rachel Reeves admitted she was wrong to say during the election campaign that taxes would not have to rise Under plans announced at the Budget, inheritance tax will be charged at 20 per cent on farms worth more than £1million, although the Chancellor has said in some cases the threshold could in practice be around £3million Mr Bradshaw said: 'The vast majority of the people who will bear the brunt of this decision aren't wealthy people with huge cash reserves hidden away. Jeremy Clarkson has accused Labour of trying to 'nationalise the countryside' as fury continues to grow over the crackdown on inheritance tax on farmers From April 2026, inheritance tax will be levied at an effective rate of 20 per cent on the value of business and agricultural assets over £1million - pictured is Chancellor of the Exchequer Rachel Reeves The Conservatives said that the move would have 'catastrophic consequences' for family farms and would negatively impact food security In the last five years Clarkson said agricultural land has become 'the must-have accessory for people in suits' causing prices to skyrocket.