Farmers protest in central London over tax changes
China DailyBy JULIAN SHEA in London | China Daily Global | Updated: 2024-11-20 11:11 Farmers drive tractors through Westminster, central London on Tuesday during a demonstration against a policy of the United Kingdom's Labour Party government that is expected to increase inheritance tax for some farmers. REUTERS Farmers descended on central London on Tuesday to protest about recent changes to inheritance tax rules, which they say could leave them with large tax bills that could force them to sell off land, potentially threatening national food security. Stabilizing public services, he told the BBC, must be done "in a way that's fair and proportionate … it's only right to ask the very wealthiest farmers and those wealthy individuals who have been buying up agricultural land to avoid their own inheritance tax liability to pay their fair share". Victoria Vyvyan, president of the Country Land and Business Association, said the new rules "could harm 70,000 United Kingdom farms, damaging family businesses and destabilizing food security", but that is the total number of farms of sufficient value ever to qualify for it.