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🔹 An estimated 20,000 British farmers and their families have taken part in a huge London🇬🇧, protest against the Labour gov't inheritance tax, today, 19th Nov. 2024. The tax, part of Labour's autumn budget, will see farmers pay a 20% tax on inherited agricultural assets worth over £1m from April 2026 onwards.
🔹 Farmers 🚜 have reacted with anger and dismay to the inheritance tax changes for farming businesses, which limit the existing 100% relief for farms to only the first £1 million of combined agricultural and business property. Some farmers warn they will have to sell off land to meet the inheritance tax costs and are threatening to strike over the pressures they say they are being put under by Government policy.
🔹 🇬🇧National Farmers’ Union president Tom Bradshaw said "...this is a policy that will rip the heart out of Britain’s family farms, launched on bad data with no consultation, and it must be halted and considered properly.”
🔹 Last week and this week EU Farmers 🚜 are protesting in opposition to the EU-Mercosur free trade agreement, saying increased imports from South America will hurt the European Union's agriculture.
🔹 The EU 🇪🇺 have seen lots of farmer protests in the last year for various reasons. In Poland and Romania, they protested against cheap pesticide contaminated grain from Ukraine, removal of subsidies in Germany angered farmers, Lithuanian farmers forced to restore permanent grasslands, Dutch farmers protested nitrogen policies that would restrict livestock farming.
Video source: Livestream Events
🔹 Farmers 🚜 have reacted with anger and dismay to the inheritance tax changes for farming businesses, which limit the existing 100% relief for farms to only the first £1 million of combined agricultural and business property. Some farmers warn they will have to sell off land to meet the inheritance tax costs and are threatening to strike over the pressures they say they are being put under by Government policy.
🔹 🇬🇧National Farmers’ Union president Tom Bradshaw said "...this is a policy that will rip the heart out of Britain’s family farms, launched on bad data with no consultation, and it must be halted and considered properly.”
🔹 Last week and this week EU Farmers 🚜 are protesting in opposition to the EU-Mercosur free trade agreement, saying increased imports from South America will hurt the European Union's agriculture.
🔹 The EU 🇪🇺 have seen lots of farmer protests in the last year for various reasons. In Poland and Romania, they protested against cheap pesticide contaminated grain from Ukraine, removal of subsidies in Germany angered farmers, Lithuanian farmers forced to restore permanent grasslands, Dutch farmers protested nitrogen policies that would restrict livestock farming.
Video source: Livestream Events