21 sources·Politics

UK Farmers Rally Against Inheritance Tax Reforms Amid Economic Concerns

10,000 farmers protest new inheritance tax, warning it threatens family farms and food security in the UK.

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Updated: Nov 20th, 2024, 10:15 AM ET

Summary

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On November 19, 2024, around 10,000 UK farmers protested in London against a new 20% inheritance tax on estates over £1m, effective April 2026. Farmers argue that the tax will force many to sell their family farms, jeopardizing food security. While the government claims only 25% of farms will be impacted, the National Farmers’ Union (NFU) disputes this, citing that 66% of farms exceed the threshold. The new Labour-led government defends the tax as necessary for public finances, but faces backlash from farming communities and political opponents, raising concerns over mental health within the industry.

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