Labour MP Breaks Ranks Over Controversial Farm Inheritance Tax Plan

Markus Campbell-Savours opposes his party's proposed tax changes, citing broken election promises to farmers in rural constituencies.

Labour MP Markus Campbell-Savours has publicly opposed his party's proposed inheritance tax changes for farms, stating he would vote against the plan if a binding vote were held today.
The proposed policy would impose a 20% inheritance tax on farming properties valued over £1 million, with relief for farms worth up to £3 million when jointly owned by couples.
Campbell-Savours argued that the policy contradicts assurances given to farmers during the election, particularly in rural constituencies like his in Penrith and Solway, which has the highest number of farms represented by a Labour MP.
Critics, including farmers and rural advocacy groups, warn the tax could threaten the viability of many family farms, with some estimates suggesting up to 66% of farms may be affected despite government claims of a lower impact.
Labour's leadership, including Chancellor Rachel Reeves, faces mounting pressure to amend or reconsider the policy, while Treasury officials have not ruled out potential adjustments if future data shows significant unintended consequences.