Summary
Farmers held a protest in central London against plans to introduce inheritance tax on farm businesses worth more than £1 million. The protest involved tractors driving through central London, leading to several arrests. The government's upcoming tax changes have raised concerns among farmers about their financial future.
Key Facts
- Farmers protested in central London using tractors to show opposition to new inheritance tax plans.
- The protest was held on Budget day, leading to traffic disruptions and police watchfulness.
- The government's inheritance tax proposal includes a 20% rate on agricultural land and businesses over £1 million.
- The protests resulted in some arrests, and Reform UK offered support for arrested farmers.
- Farmers expressed concerns about the impact on small, family-run farms and future food security.
- The government plans to allow spouses to transfer unused parts of their £1 million inheritance tax allowance.
- The £1 million inheritance tax threshold is frozen until April 2031, which might affect more farms.
- The government announced additional support, including for the Seasonal Worker Visa Scheme and investments in grants.
