Thousands of farmers protest in London against new tax plan
Video Credit: ODN - Duration: 04:22s - Published
Thousands of farmers protest in London against new tax plan
Thousands of farmers descended on Westminster on Tuesday to protest against the inheritance tax changes for farming businesses introduced in last month’s Budget.
The changes mean inheritance tax of 20% will apply to combined agricultural and business property worth more than £1 million.
The National Farmers’ Union (NFU) also held an event at Church Hall, ahead of their meetings with MPs.
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
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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.
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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
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..
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