Politics News

“The only sensible course of action is for the Treasury to reverse this decision,” said the NFU president following the meeting with Defra secretary of state and Treasury officials to stress the significant impact changes to Inheritance Tax (IHT) would have on British food and farming. 

More than 125,000 people signed a petition to stop the government’s changes to inheritance tax relief on farm property that were announced during Autumn Budget last week. 

The Defra secretary of state has claimed headlines over the changes to IHT are “misleading” following major backlash.

British farmers will hit London streets later this month to show their dissatisfaction with the government’s new Budget that is going to have a “devastating impact” on their businesses as well as families. 

TV presenter and farmer Jeremy Clarkson has issued an encouraging message for British farmers following yesterday’s Autumn Budget announcement. 

Farming organisations have responded to the Autumn Budget 2024 that was announced earlier today by Chancellor Rachel Reeves, explaining how it will influence farmers and their businesses.

After much speculation and lobbying from the farming industry, chancellor Rachel Reeves has confirmed changes to inheritance tax reliefs.

The impact of Budget 2024 announced tomorrow by chancellor Rachel Reeve’s could be wide-ranging for rural and agricultural businesses, stretching from tax policy to national infrastructure investment, a countryside property expert warns. 

The farming community has been warned that the recent proposal to increase fees paid by abattoirs could have a catastrophic impact on small and medium businesses. 

NFU has written a letter to prime minister Sir Keir Starmer calling on him to stand by his commitments to British farmers and growers by delivering a renewed agriculture budget and confirm the continuation of Agricultural Property Relief (APR) on 30th October.  

Farmers and growers are increasingly concerned by reports that the Treasury is considering major changes to Agricultural Property Relief (APR) as part of the forthcoming budget, something that would have a serious impact on many family farms. 

Farmers have been warned to avoid getting caught out by the much-anticipated rise in fuel duty, which is expected to be announced in the Budget on 30th October.