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Environment secretary insists "most farms won't be affected"

Video Credit: ODN - Duration: 01:07s - Published
Environment secretary insists 'most farms won't be affected'

Environment secretary insists "most farms won't be affected"

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.

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Steve Reed (politician) Steve Reed (politician) British politician (born 1963)

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Office for Budget Responsibility Office for Budget Responsibility Advisory non-departmental public body in the UK


The Independent The Independent British online daily newspaper


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