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In this video, I spoke to people at the farmers protest in London, where thousands of farmers are taking a stand against the proposed inheritance tax reforms announced in the Autumn Budget 2024 by Chancellor Rachel Reeves. Starting in April 2026, farms valued at over £1 million will face a 20% inheritance tax, a significant change from previous policies that exempted most family farms.
📢 Why Are Farmers Protesting?
On November 19, 2024, over 20,000 farmers gathered at Parliament Square in London, organized by the National Farmers’ Union (NFU) and other agricultural bodies. Farmers fear these tax changes will force them to sell parts of their land, jeopardizing their livelihoods and the future of family-run farms.
🎙 Key Voices from the Protest
Notable voices like Jeremy Clarkson have described these tax reforms as a “hammer blow” to British agriculture. But beyond celebrity soundbites, real farmers argue that while their land may hold paper value, their incomes are modest, making it difficult to shoulder these new tax burdens.
🌍 The Bigger Picture
The farming community is already grappling with post-Brexit trade uncertainty, rising operational costs, and climate change challenges. The added inheritance tax could push more farms into corporate ownership or tax shelters, leading to less land used for productive farming and a greater reliance on imported food.
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