logo
welcome
Google

Google

‘You betrayed us’: how UK farmers swiftly turned on Labour over inheritance tax plans

Google
Summary
Nutrition label

73% Informative

National Farmers Union (NFU) is organising meetings between 2,000 farmers and their MPs.

Ministers say that related allowances will push up the payment threshold to 3 m and that the vast majority of farms will be unaffected.

The issue risks morphing into the wider claim that the new Labour government which worked so hard to win rural seats does not understand such areas.

Labour will begin to push out its new deal for farmers’ in the coming weeks .

This includes its 5bn farming budget over the next two years and a better agreement with the EU .

Treasury sources said previous chancellors had been presented with the farm tax change, but had pushed back because of the age-old politics of inheritance tax.