Keir Starmer Defends Controversial Farm Inheritance Tax Policy
The Prime Minister acknowledges revenue-raising motive behind tax changes, sparking backlash from farmers and opposition MPs.
- Prime Minister Keir Starmer admitted that the government's changes to inheritance tax on agricultural land were aimed at raising revenue rather than targeting tax avoidance by the wealthy.
- The policy ends inheritance tax exemptions for farms valued over £1 million, with thresholds reaching up to £3 million in some cases, prompting concerns about its impact on family farms.
- Farmers and the National Farmers’ Union (NFU) have criticized the policy as an indiscriminate measure that could force the sale of generational farms to cover tax liabilities.
- Starmer defended the policy before the Liaison Committee, stating it was necessary to fund public services and insisting most farms would remain unaffected, though NFU figures dispute this claim.
- Protests, including tractor demonstrations and port blockades, have highlighted rural discontent, with opposition MPs accusing Starmer of being out of touch with farming communities.