Environment secretary admits he U-turned on farm inheritance tax
Tuesday, 19 November 2024 The secretary of state in charge of rural affairs, Steve Reed, has admitted he has changed his stance on farm inheritance tax because of the "£22bn black hole left by the Tories".
Steve Reed has defended the government's decision to introduce inheritance tax on farms worth over £1 million. The environment secretary said Labour's Inheritance Tax plans became necessary because of the '£22 billion black hole' in the public finances they allegedly inherited from the previous...
The environment secretary has said supports are being put in place for those affected by Storm Bert. Steve Reed said a Floods Resilience Task Force has been set up to make sure the agencies on the ground in affected areas are able to offer as much support as possible. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Environment secretary Steve Reed has insisted "only around 500 farms will be affected" by the new family farm tax. The plans to impose inheritance tax on farms worth more than £1 million have sparked fury among rural communities, with thousands of farmers descending upon Westminster on Tuesday in protest.
"The vast majority of farms will pay nothing more under the new scheme - that's been validated by the Independent Office for Budget Responsibility," Mr Reed added.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Jeremy Clarkson has pleaded with Labour to "back down" over its Inheritance Tax on farms as he joined thousands of farmers for a mass protest in London on Tuesday. The 64-year-old former Top Gear..
Tuesday, 19 November 2024
The secretary of state in charge of rural affairs, Steve Reed, has admitted he has changed his stance on farm inheritance tax because of the "£22bn black hole left by the Tories".
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