British farmers drive tractors to London in massive tax protest

Around 10‚000 farmers gathered near parliament to protest new-planned inheritance tax rules. The controversial policy would affect farm transfers starting 2026‚ with protesters warning about threats to food production

November 19 2024 , 05:46 PM  •  574 views

British farmers drive tractors to London in massive tax protest

British countryside folks showed their anger on 11/19 as thousands of farmers (many driving huge tractors) made their way to parliament in a big-time protest against new tax rules

The Labour governments October budget includes a hard-to-swallow inheritance tax that will hit farm owners starting in ʼ26. The policy sets a 20% tax on farms worth more than £1M‚ though married couples get some extra room up to £3M (which includes buildings and land)

Emma Robinson a north-west farmer whose family worked same land for five centuries is super-mad about the changes: “Its being taken from my hands by new-comers who dont understand farming‚“ she says. Her concerns match other protesters who brought signs and made noise near Westminster

Please back down

TV personality Jeremy Clarkson‚ who owns a farm

The government claims only about 500 farms per year will pay more; however the Country Land group thinks differently - they say up to 70k farms worth £1M+ could face problems. Environment minister Steve Reed tried to calm things down saying: “There are figures going around that I dont recognize“

Farmers face other big issues too:
* Competition from cheaper imports
* Low profits from supermarket deals
* Weather changes hitting crops
* New environmental rules to follow

The protest comes as part of wider push-back against Labourʼs first budget since winning in July - with business owners saying other tax changes might push prices up even more