Rachel Reeves delivers one other hammer blow to farmers after inheritance tax row | Politics | News | EUROtoday

Rachel Reeves delivers one other hammer blow to farmers after inheritance tax row | Politics | News
 | EUROtoday

Rachel Reeves has been accused of “escalating her war on farmers” simply months after the blazing inheritance tax row. The Chancellor is anticipated to announce main finances cuts to state funding for farmers on June 11.

Having promised a fund of £5billion out there to all farmers from 2024 to 2026, the environmental land administration scheme (ELM) can be slashed for all however “small farms”, the Guardian stories.

Victoria Atkins, the Tory shadow surroundings secretary, stated: “Once again, the Chancellor is going to use her spending review to escalate her war on farmers. This is just another example of Labour’s chaotic approach to our countryside.”

She added: “Labour’s lack of understanding about our rural communities is putting our nation’s food security at risk.

“They need to come clean about their definition of a ‘small farm’ so they do not catch more farmers by surprise with their shambolic mismanagement.

“It is a betrayal as they are upending the principled approach of rewarding farmers for looking after the land whilst growing food, which is a clear Brexit benefit – or should be.”

The nature-friendly farming fund which changed the EU’s frequent agricultural coverage goals to reward farmers for supporting nature restoration and the ecosystem and making “a big contribution to the surroundings”, somewhat than simply meals manufacturing. Many depend on this funding to make ends meet.

When inheritance tax adjustments had been introduced, lifelong farmer, Ed Willmot, highlighted main issues about meals safety, which he stated was simply over 50 % for staple meals.

“In other words, we’re not producing enough to feed the nation,” he stated, explaining that farmers could need to promote belongings to pay the tax invoice, as a substitute of with the ability to put money into making extra meals.

Recalling a dialog with MPs, he stated: “The answer was we can import it [food]. When you see what the weather’s done to certain parts of Spain and Portugal, are they going to import food if they’re going to be short themselves?”

The transfer is a part of cutbacks anticipated throughout a variety of departments, together with police and social housing.

It appears prone to deepen the rift between Rachel Reeves and farmers, following her announcement to impose a 20% levy on any inherited farming belongings over £1 million.

The Department for the Environment, Food and Rural Affairs and the Treasury have been contacted for remark.

https://www.express.co.uk/news/politics/2061509/rachel-reeves-delivers-another-hammer