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Shadow Environment Secretary Victoria Atkins said Labour is risking nutrient shortages and higher prices
- Sophia Sleigh, Political Correspondent
- Published: 21:42, 23 Nov 2024
- Updated: 21:42, 23 Nov 2024
FURIOUS farmers accidental Chancellor Rachel Reeves is refusing to conscionable them implicit “cruel” inheritance taxation hikes.
And they are informing the Labour Government “we volition not springiness up”.
Thousands protested successful London this week implicit accrued taxes they accidental volition destruct agrarian Britain.
Both sides person been incapable to hold connected however galore volition beryllium wounded by the changes – with farmers informing it’s galore much than Treasury estimates.
Reeves announced successful the Budget that from April 2026 inherited cultivation assets worthy much than £1million volition beryllium taxable to inheritance tax astatine 20 per cent.
Tom Bradshaw, president of the National Farmers’ Union, told the Sun connected Sunday: “All I privation to bash is beryllium down with the Chancellor and sermon a mode guardant but, truthful far, she has refused.
“Rest assured, the NFU volition proceed to propulsion hard to halt the family farm tax; it’s cruel, it’s incorrect and it risks decimating our sector.”
Victoria Vyvyan, president of the Country Land and Business Association, said: “We volition not springiness up. Hitting farmers with immense inheritance tax bills could enactment livelihoods astatine risk.”
And Tim Bonner, Countryside Alliance main exec, said: "This argumentation volition wounded the countryside and agrarian communities and endanger our nutrient security."
Shadow Environment Secretary Victoria Atkins said Labour simply don't recognize basal maths.
And she blasted them for risking nutrient shortages and higher nutrient prices.
"Labour don't recognize the countryside, nor bash they attraction astir it,” she said.
“Their policies hazard the extremity of farming arsenic we cognize it.”
The Treasury was contacted for comment.