UK Farmers Protest Inheritance Tax Changes in London
Thousands of farmers rally against proposed tax reforms that could impact farm succession.
- 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.