No Result
View All Result
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
Smart Investment Today
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Smart Investment Today
No Result
View All Result
Home Investing

Farmers protest inheritance tax changes as ministers unveil food supply plans

by
November 18, 2024
in Investing
0
Farmers protest inheritance tax changes as ministers unveil food supply plans
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The government has outlined contingency measures to ensure supermarket shelves remain stocked amid potential farmer protests over inheritance tax reforms. However, ministers reassured the public that food supplies will not be disrupted, even as tensions rise within the agricultural community.

Farming leaders have warned of deep unrest, labelling the policy change a “betrayal” of rural communities. They stopped short of endorsing strike action but acknowledged mounting frustration over the government’s decision to impose inheritance tax on farms valued over £1 million.

Addressing concerns, farming minister Daniel Zeichner urged calm. “The vast majority of farmers will not be affected,” he told the BBC. “Treasury figures indicate fewer than 500 farms a year are likely to fall within the scope of the tax. I encourage everyone to seek advice, as each case is unique.”

The reforms, which ministers argue will primarily impact the wealthiest estates, have triggered backlash from farmers who fear the policy could threaten family-run farms. Up to 20,000 farmers are expected to descend on Westminster to voice their discontent.

While defending the government’s stance, transport secretary Louise Haigh praised farmers for their contributions to the economy and food security. She described the changes as “fair and proportionate” and noted that the tax rate for affected farms is significantly lower than standard inheritance tax thresholds.

Haigh reassured consumers that the government prioritises food security, revealing that contingency plans are in place to mitigate potential disruptions. “We will work closely with farmers and the supply chain to safeguard food availability,” she stated.

Farmers, meanwhile, have staged protests, including a recent demonstration outside the Welsh Labour conference attended by Sir Keir Starmer. Some have even proposed withholding produce from retailers to highlight the country’s reliance on domestic agriculture.

Tom Bradshaw, head of the National Farmers’ Union, stressed that his organisation does not condone such measures. “Emptying supermarket shelves is not an NFU tactic,” he said. “However, I understand the depth of feeling among farmers. They feel betrayed by a government that once promised no inheritance tax on farmland.”

Bradshaw called the policy a threat to food security, citing government figures that indicate a significant number of farms producing the UK’s food exceed the £1 million threshold. “This move undermines the very industry tasked with securing our nation’s food supply for the future,” he added.

Read more:
Farmers protest inheritance tax changes as ministers unveil food supply plans

Previous Post

The $100 Trillion Global Debt Bomb and Financial Shock Risk.

Next Post

Evernex Bolsters UK Footprint by Purchasing Ultra Support, Amplifying Customer Support and Solution Portfolio

Next Post

Evernex Bolsters UK Footprint by Purchasing Ultra Support, Amplifying Customer Support and Solution Portfolio

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Gold Prices Rise as the Dollar Slowly Dies

    May 25, 2024

    Richard Murphy, The Bank of England, And MMT Confusion

    March 15, 2025

    We Can’t Fix International Organizations like the WTO. Abolish Them.

    March 15, 2025

    Free Markets Promote Peaceful Cooperation and Racial Harmony

    March 15, 2025
    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    0

    Ana-Maria Coaching Marks Milestone with New Book Release

    0

    The Consequences of California’s New Minimum Wage Law

    0

    Memorial Day

    0
    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025

    5 Reasons Customizable Engagement Rings Are Taking Over the Engagement Ring Market

    July 11, 2025

    When to Contact a Personal Injury Law Firm in NYC After a Minor Car Accident

    July 11, 2025
    The First Amendment Protects Ideologically Based Ad Boycotts

    The First Amendment Protects Ideologically Based Ad Boycotts

    July 11, 2025

    Recent News

    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025

    5 Reasons Customizable Engagement Rings Are Taking Over the Engagement Ring Market

    July 11, 2025

    When to Contact a Personal Injury Law Firm in NYC After a Minor Car Accident

    July 11, 2025
    The First Amendment Protects Ideologically Based Ad Boycotts

    The First Amendment Protects Ideologically Based Ad Boycotts

    July 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Editor’s Pick
    • Investing
    • Stock

    Copyright © 2025 smartinvestmenttoday.com | All Rights Reserved