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    Farmers Rally in London, Claim Government’s Tax Plan Is a ‘Betrayal’ to Agriculture

    November 19, 2024 News No Comments3 Mins Read
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    **Betrayed Farmers’ Protest in London Against New Inheritance Tax Rules**

    In a significant gathering in London, thousands of farmers, led by the National Farmers’ Union (NFU), are expressing their outrage regarding the government’s proposed changes to inheritance tax regulations that are anticipated to heavily impact farming families. The protest is sparked by what NFU President Tom Bradshaw describes as a “betrayal” by the government for failing to consult with those directly involved in agriculture before implementing such a drastic policy.

    The recent Budget announcement stipulated that farms valued at over £1 million, which were previously exempt from inheritance tax, would be subjected to a 20% tax starting in April 2026. This substantial change has left many farmers feeling devastated. For instance, David Barton, a livestock farmer from Gloucestershire, shared his deep concerns over this policy, stating that he fears his son might struggle to pay the anticipated inheritance tax, which could amount to a staggering £800,000.

    The NFU has mobilized around 1,800 of its members to engage with Members of Parliament (MPs), amplifying their voice in the ongoing debate. Meanwhile, a larger rally is expected at Richmond Terrace in Whitehall, attended by over 10,000 individuals, including renowned farmer and broadcaster Jeremy Clarkson as a prominent speaker. One of the co-organizers, Staffordshire farmer Clive Bailye, emphasizes that while the protest is peaceful, future actions may escalate if farmers feel their concerns are ignored.

    The protests continue to highlight a grim reality for many agricultural families. Farmers stress that the new inheritance tax changes threaten the legacy of their family businesses. David Barton’s farm, established in 1913, now faces the very real risk of being sold to affluent investors if changes aren’t revised. The fear amongst farmers is palpable, with sentiments echoing that their hard work and dedication to their land could end abruptly due to government policies.

    Many farmers voice similar concerns, stating that their farms—often passed down through generations—are now at risk simply because of the financial burden imposed by these taxes. Alaw Jones, a student from the Royal Agricultural University’s students’ union, passionately argues that her family’s hard work to build their business seems futile under these current conditions, which could significantly affect their mental health.

    Moreover, Rupert Dale, who runs a hay farm along the Worcestershire/Shropshire border, explained how both he and his brother would be faced with a “massive sum” to keep their farm. The emotional toll this financial burden takes on farming families is bringing forth calls for collective action to prevent their livelihoods from being auctioned off to corporate entities.

    Labour representatives have also chimed in, with Shadow Environment Secretary Victoria Atkins criticizing the government’s budget as one that breaks promises and harms British agriculture. The government claims that the changes would only target a few of the wealthiest estates, but opponents argue that the repercussions will be far more widespread, potentially impacting up to 70,000 farms.

    In response to the mounting dissatisfaction, Secretary of State Steve Reed defended the tax changes by asserting most farmers would remain unaffected and that provisions exist to allow for tax payments over ten years. Still, the farmers feel their concerns are minimized, fearing their futures hang in the balance.

    As the upcoming week unfolds, the farmers’ rally in London is poised to draw further attention to these pressing issues, showcasing the unity and determination of those dedicated to sustaining British farming in the face of oppressive regulatory changes.

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