1 day ago
1
Angela Rayner has criticised "scaremongering" implicit Labour's reforms to inheritance taxation connected farms.
The deputy premier minister had to support the government's changes to the levy successful a bruising House of Commons session, arsenic she stood successful for Sir Keir Starmer portion the premier curate was distant astatine a G20 summit.
It came a time aft much than 10,000 farmers gathered successful Westminster to protestation against the announcement successful last month's budget.
Politics latest: Rayner faces hostile crowd
The authorities volition trim inheritance taxation alleviation applied to farms from 6 April 2026. The afloat 100% alleviation volition lone use to the archetypal £1m of property. Above this amount, landowners volition wage inheritance taxation astatine a reduced complaint of 20%, alternatively than the modular 40%.
Farmers volition inactive payment from reductions, with Labour saying that a "typical" mates handing their property to their children tin acquisition up to £3m tax-free, and past wage the 20% tax. They volition besides person 10 years to wage the charge, interest-free.
However, galore successful agriculture person criticised the decision, and governmental parties from crossed the spectrum questioned Ms Rayner connected it.
Daisy Cooper, the Liberal Democrat lawman person and MP for St Albans successful Hertfordshire, said farmers felt "betrayed" by the Conservative authorities and "lied to by Labour".
Ms Rayner said she was "sorry" to perceive that farmers were "distressed by what I would accidental is scaremongering astir what the Labour Party is doing".
Please usage Chrome browser for a much accessible video player
Alex Burghart, the shadiness chancellor for the Duchy of Lancaster, was lasting successful for Kemi Badenoch - arsenic it is normal for the person of the Opposition to basal speech from Prime Minister's Questions if the premier curate is away.
He asked Ms Rayner astir a "typical, mid-sized, 360-acre" workplace successful Yorkshire - saying a household had spoken to their accountant and been told they could beryllium liable to wage £500,000 successful inheritance taxation - equivalent to 12 years of profit.
The Tory MP added that the NFU is acceptable to people a study showing 75% of each commercialized farms volition autumn supra the threshold of paying inheritance tax.
Read much connected farming:
Thousands protestation astatine Downing Street
Jeremy Clarkson says govt should 'back down'
Rowdy PMQs had 'teacher is distant vibes'
Political correspondent
From the outset, this league of PMQs had a chiseled "the teacher is away" vibe.
It was rowdy, shouty and prickly.
Labour MPs chuckled arsenic their other numbers loudly cheered Alex Burghart - the comparatively chartless shadiness curate lasting successful for Kemi Badenoch today.
Angela Rayner rapidly reminded colleagues helium was the "minister for growth" during Liz Truss's disastrous spell successful Downing Street, sparking whooping from the authorities benches.
Burghart responded by referencing the views of "city economists… existent economists" - a stinging notation to a communicative astir the chancellor changing her LinkedIn illustration to region an seemingly erroneous notation to being an economist astatine Halifax Bank of Scotland earlier entering politics.
With his microphone often cracking and topping out, the shadiness Cabinet Office curate zeroed successful loudly connected ostentation and changes to inheritance taxation for farmers.
Other Tory backbenchers and the Lib Dem lawman followed suit, seizing connected the farming protests that engulfed Westminster yesterday.
It led to what whitethorn beryllium the main quality enactment from this league - arsenic Angela Rayner accused critics of "scaremongering" implicit the interaction of the agriculture changes.
There were reprimands from the Speaker arsenic well, with 1 Labour backbencher told disconnected and the Tory MP Danny Kruger admonished.
He spot backmost though, saying to the Speaker "are you talking to me? I haven't opened my mouth" and gestured to colleagues down to displacement the blame.
Sir Lindsay Hoyle aboriginal apologised to Mr Kruger - saying his workfellow James Wild had enactment his manus up to being the naughty Tory.
The Speaker warned the brace they should possibly not beryllium adjacent to each different again.
An appropriately classroom-like speech successful a league wherever calm maturity was not ever astatine the beforehand of galore minds.
Ms Rayner says she "stands by the figures" the authorities had antecedently laid out.
She said: "The immense bulk of property owners volition spot nary alteration and wage nary taxation connected onshore valued astatine £1m.
"Couples tin walk connected £3m tax-free, and those supra the thresholds volition wage lone fractional the mean rate, and tin wage implicit 10 years interest-free."
Spreaker This contented is provided by Spreaker, which whitethorn beryllium utilizing cookies and different technologies. To amusement you this content, we request your support to usage cookies. You tin usage the buttons beneath to amend your preferences to alteration Spreaker cookies oregon to let those cookies conscionable once. You tin alteration your settings astatine immoderate clip via the Privacy Options. Unfortunately we person been incapable to verify if you person consented to Spreaker cookies. To presumption this contented you tin usage the fastener beneath to let Spreaker cookies for this league only.
👉 Listen to Sky News Daily connected your podcast app 👈
Reform's Lee Anderson besides criticised the policy, and Conservative Saqib Bhatti asked Ms Rayner wherefore Labour has "declared warfare connected British farmers".
Ms Rayner said the authorities "hasn't declared warfare connected farmers" - earlier reiterating her effect connected thresholds.
She besides said Labour needed to rise wealth to relationship for the "£22bn achromatic spread from the Conservatives".
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·