Farmers Furious Over Inheritance Tax Raid

Farmers Warn of Food Shortages

Farmers are up in arms over a new inheritance tax that they say could lead to food shortages. The new 20 per cent levy on land and equipment worth over £1m passed down after a death has sparked outrage among agricultural workers.

Threat of Strikes

Agricultural workers have even threatened to go on strike in response to the "crippling" inheritance tax raid. This move has been described as a "nail in the coffin" for inter-generational businesses, with some warning it could lead to a drop in home-grown food supplies.

Impact on Family Farms

Welsh farmer Gareth Wyn Jones has criticized the Budget, stating that the inheritance tax raid on farms could force families to sell off their land. The move has been met with strong opposition from farmers who fear the consequences on small family-run businesses.

Industry Response

Farmers across the UK have expressed concerns over the implications of the inheritance tax raid, with some warning of "massive disruption" in the agricultural sector. The National Farmers Union has also voiced their worries about the next generation's ability to produce food.

Chancellor's Defense

Defending the move, the Chancellor insisted that landowners should pay tax in the same way middle-class families do. She emphasized that the changes aim to close a loophole that allows some of the wealthiest landowners to avoid inheritance tax.

Call for U-Turn

Industry leaders and business owners have called on the Chancellor to reconsider the inheritance tax raid, warning of the devastating impact it could have on family-owned businesses and the economy. There are growing calls for a U-turn on the controversial measure.