Thousands of farmers have converged on London this morning to protest Labour’s proposed changes to inheritance tax, dubbed the “tractor tax.”
Thousands of farmers have converged on London this morning to protest Labour’s proposed changes to inheritance tax, dubbed the “tractor tax.” The policy, introduced in the recent Budget, limits the current 100% relief on agricultural and business properties to the first £1 million, sparking widespread outrage across the farming community.
The National Farmers’ Union (NFU) has warned that the move could force families to sell or break up farms, jeopardizing the livelihoods of those who produce the nation’s food.
The day of demonstrations began with hundreds of NFU members lobbying MPs at Westminster. Later, at 11 a.m., an estimated 20,000 farmers are set to gather in Whitehall for a large-scale rally. Coaches carrying farmers from across the UK have poured into the capital for the event.
High-profile figures, including TV personality and farmer Jeremy Clarkson, have joined the protests, lending their voices to the growing criticism of the policy.
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