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Farmers hit back over Chancellor's inheritance tax charge

Video Credit: ODN - Duration: 01:03s - Published
Farmers hit back over Chancellor's inheritance tax charge

Farmers hit back over Chancellor's inheritance tax charge

The chancellor appears to have a fight on her hands with Britain's family farmers.

In her Budget, Rachel Reeves closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold.

But farmers in Cirencester have labelled the move "demoralising" and the deputy president of NFU Cymru Abi Reader warns it will lead to "economic stagnation".

Report by Brooksl.

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Cirencester Cirencester Market town in Gloucestershire, England