Kemi Badenoch vows to reverse heartless tractor tax if Labour will not | Politics | News | EUROtoday

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Kemi Badenoch has vowed to abolish Labour’s “immoral and cruel” household farms tax if she wins the following common election. Speaking on a go to to a farm in Sevenoaks right now, the Conservative Party chief reasserted her vow to assist Britain’s rural communities.

Ms Badenoch stated Labour should reverse its choice or threat harming farming on this nation “forever”. She stated: “It is an immoral and cruel tax, Labour should reverse it, and I have promised that the minute Conservatives get into government, if Labour do not reverse this – we will. Farmers should not have to sell their land and sell their equipment to pay a tax.”

“It doesn’t make any sense at all. It’s been dreamt up by people who don’t understand farming and don’t understand how it works in this country.”

Accompanied by her shadow training minister and native MP Laura Trott, Ms Badenoch stated her occasion is trying to find “fresh” concepts to assist begin the Conservative Party anew.

Speaking to native farmer Fidelity Weston in a area of grazing cows, Ms Badenoch stated: “We want to start afresh rather than just building on what’s been done before which isn’t working.”

Rachel Reeves introduced the tax on farmers in her first finances, claiming she wanted to search out money to fill a £22 billion black gap left behind by the earlier authorities.

Previously, farmland was exempt from inheritance tax beneath the Agricultural Property Relief scheme.

The Government’s new coverage signifies that from April 2026 a tax of 20% will likely be utilized to agricultural belongings of over £1 million.

However many farmers will likely be compelled to promote land as a way to fund the tax raid, hitting Britain’s meals safety.

While Ms Reeves claimed the coverage will increase £520 million, specialists have stated it would solely increase £115 million a yr.

In March additional analysis prompt the tax will truly price the financial system £14.9 billion a yr, with the potential lack of 200,000 1000’s jobs.

According to consultancy CBI-Economics, 17% of household farms have already minimize jobs or halted recruitment because the Chancellor’s October Budget.

Nearly half of all household farms additionally reported that they’ve paused or cancelled funding plans because of the pending tax hike.

Neil Davy, the chief government of Family Business UK, stated: “Against a backdrop of huge uncertainty in global geopolitics and UK economic growth, these latest data show unequivocally the damage that is already being done to Britain’s family-owned businesses and farms and the wider economy.

“Ultimately, it will be the working people, and communities right across the country, who depend on family-owned businesses and farms who’ll pay the price.”

https://www.express.co.uk/news/politics/2044970/kemi-badenoch-reverse-farm-tax