Steve Reed defends government amid farm tax protest
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Steve Reed defends government amid farm tax protest
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 government.
Report by Kennedyl.
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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.
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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.. Sky News
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MPs including shadow environment secretary Victoria Atkins, shadow foreign secretary Priti Patel and Tory party leader Kemi Badenoch have turned out in Westminster to offer their support to the farmers protest. Thousands of farmers arrived at the event in a convoy of tractors before joining a huge rally attended by celebrities including Andrew Lloyd-Webber and Jeremy Clarkson. The plans introduced by Labour in last month's Budget to impose inheritance tax on farms worth more than £1 million have sparked fury among rural communities. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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 presenter was joined by his Clarkson's Farm co-stars Kaleb Cooper and Charlie Ireland at the rally. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The president of the National Farmers' Union has slammed the government's new family farm tax in a speech in Church House in Westminster. Tom Bradshaw described the inheritance tax as an..