UK Farming Community Faces Unprecedented Challenges After Budget Tax Changes
A new inheritance tax policy threatens family-run farms, potentially jeopardizing food security in the UK and spurring backlash from farmers and politicians alike.
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Summary
The UK government has announced changes to inheritance tax affecting family farms, leading to fears about food security and the viability of farming as a family business. With assets exceeding £1 million now subject to a 20% inheritance tax, farmers are warning that the policy could force many family farms to sell land to cover tax bills. The farming community is expressing outrage, stating that the changes could disrupt food production and the future of agriculture in the UK. Critics including farmers and politicians are urging the government to reconsider these policies to protect rural communities and ensure food security.
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