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UK Farmers Protest Inheritance Tax Changes in London

Thousands of farmers rally against proposed tax reforms that could impact farm succession.

Des enfants lors de la manifestation des agriculteurs devant Big Ben, à Londres, ce mardi 19 novembre 2024.
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Overview

  • 10,000 farmers gathered in London to protest a new inheritance tax policy proposed by the Labour government.
  • The proposed tax would impose a 20% levy on farms valued over £1 million, affecting succession plans.
  • Farmers argue the policy threatens food security and could lead to farm closures.
  • Government claims only about 500 farms would be affected, but farmers remain skeptical.
  • Since Brexit, UK farmers face labor shortages and reduced funding, exacerbating financial pressures.