Reeves ‘deaf and blind’ to impact of farming inheritance tax raid | Politics | News

Farmers, Labor Party “Deaf, Blind and indifferent”, Rachel Reeves’ inheritance tax is the economic damage caused by the pressure. The Family Farm Tax Legislation of the Treasury, which accompanied an impact assessment, said that there will be no significant macroeconomic effect ”.

Victoria Vyvyan, the President of the Country Land and Business Association (CLA), said: “This government cannot listen. The end of vital heritage tax reductions will crush farming and family companies, but the treasury remains indifferent to the damage of the economy.

“CLA clarified the consequences of this ideological madness and costly, loss of work, gross added value. Together, industry offered a logical alternative through the ‘palingback’ mechanism. The Treasury did not give any reason not to think about an alternative.

“This is not an impact assessment, it reads as an amateur note from an arrogant government environment and points to its own homework and does not understand only businesses and food safety.

“Obviously, this is a tax burden that is delivered without a consultation and a cynical participation.

A CBI economic report, published earlier this year, said Rachel Reeves’ reforms will cause more than 200,000 job losses and would cost the treasury about £ 2 billion by 2030.

However, some estimates suggested that family farm tax would increase by about £ 500 million per year.

Chancellor, from April 2026, up to £ 1 million, united agricultural and commercial property assets will still be 100% relief, but everything that will be taxed at an effective rate of 20%.

There is a threshold of £ 3 million for couples passing through farms.

However, wealthy farmers, who are poor in cash, will have to sell their lands to lift the tax bill – for food production – they will have to sell.

Daily Express’s Save Britain’s Family Farms Crusade demanded a U -turn.

The Treasury was contacted for a comment.