Particle.news
Download on the App Store

Newcastle Tractor Convoy Presses U.K. to Rethink Farm Inheritance Tax Before Budget

A Newcastle tractor convoy escalates pre‑Budget pressure over a proposed £1m cap plus a 20% charge on qualifying farm assets above that level.

Overview

  • Hundreds of farmers drove into Newcastle in a coordinated protest led by Farmers Unite, targeting planned changes to Agricultural and Business Property Relief due to begin in April 2026.
  • The policy would apply a 20% rate to agricultural land and farm businesses above £1 million, with industry groups warning of forced sales and cash tax bills for asset‑rich, cash‑poor family farms.
  • More than 100 organisations, including the NFU, Aldi, Asda, Lidl, Morrisons and Arla, urged the Prime Minister to halt the reforms in a letter ahead of Wednesday’s Budget.
  • Organisers said further national demonstrations are being prepared, including a large tractor protest in London before the Chancellor’s statement on November 26.
  • The Government says only about 500 estates would be affected each year, as farming minister Angela Eagle highlighted investment and innovation support for the sector.