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Children on tractors lead thousands of farmers in protest over inheritance tax

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Children on tractors lead thousands of farmers in protest over inheritance tax

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Thousands of farmers descended on Westminster to protest tax changes today.

About 1,800 National Farmers’ Union (NFU) members – three times as many as originally planned – took part in a demonstration at plans in the government’s Budget to impose inheritance tax on farms worth more than £1 million.

Organisers estimate that more than 10,000 people are marching the streets.

Protesters displayed signs and banners which made it clear what they think of Labour’s plans.

One striking banner read: ‘Stop killing the people who feed you.’

Another read: ‘Stuck Farmer’.

Alamy Live News. 2YKPN8K 19 Nov 2024 London / UK. Thousands of british farmers marched on Westminster in fury over Keir Starmer?s inheritance tax hike. AUBREY FAGON / Alamy Live News This is an Alamy Live News image and may not be part of your current Alamy deal . If you are unsure, please contact our sales team to check.
Farmers displayed signs which made it obvious what they think of the government’s plans (Credits: Alamy Live News.)
LONDON, ENGLAND - NOVEMBER 19: Demonstrators attend a farmers rally on November 19, 2024 in London, England. Thousands of farmers descended on central London to protest against changes to inheritance tax announced in the budget last month. The farmers argue that the changes will destroy family farms and that the nation's food security is at risk, while the government says that the change will likely affect only around 500 larger estate farms. (Photo by Carl Court/Getty Images)
Demonstrators attend a farmers rally (Picture: Carl Court/Getty Images)

Among the procession were children on toy tractors who led a small march.

Protesters include stars of Clarkson’s Farm Jeremy Clarkson and Kaleb Cooper.

Clarkson told reporters that the tax changes could spell ‘the end’ for British farming.

Cooper, a farmer and media personality, says the new policy will ‘affect us (farmers) massively.’

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Children on toy tractors during a farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget which introduce new taxes on farms worth more than ??1 million. Picture date: Tuesday November 19, 2024. PA Photo. Farmers have reacted over the inheritance tax changes for farming businesses, which limit the 100% relief for farms to only the first ??1 million of combined agricultural and business property. For anything above that, landowners will pay a 20% tax rate, rather than the standard 40% rate of inheritance tax (IHT) applied to other land and property. PA Photo. Photo credit should read: Gareth Fuller/PA Wire
Young children on toy tractors led a small march in Westminster (Picture: Gareth Fuller/PA Wire)
Children on toy tractors during a farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget which introduce new taxes on farms worth more than ??1 million. Picture date: Tuesday November 19, 2024. PA Photo. Farmers have reacted over the inheritance tax changes for farming businesses, which limit the 100% relief for farms to only the first ??1 million of combined agricultural and business property. For anything above that, landowners will pay a 20% tax rate, rather than the standard 40% rate of inheritance tax (IHT) applied to other land and property. PA Photo. Photo credit should read: Gareth Fuller/PA Wire
One youngster holds a banner that reads: ‘When I grow up, I want to be a farmer’. (Picture: Gareth Fuller/PA Wire)

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He added: ‘I think it’s the passing down of your family farm to the next generation.

‘If I want to pass my business onto my child, I don’t know if he can afford to take that on with the new tax bill.

‘It could be unprofitable to make a livelihood off that business – that’s why everyone has come together today.

‘It’s got to the point where it’s going to affect us massively and we need to do something about it.’

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Liam Price, 28, a beef and sheep farmer from Wales, is worried land will have to be sold to other businesses to pay the levy.

He will be joining thousands of other British farmers voicing their anger over changes to tax rules announced in Labour’s Budget, with a large-scale protest in central London.

Mr Price told Metro: ‘My personal opinion is we’re going there to show solidarity, to show that we can come together as an industry.

‘But as far as I’m concerned, however long Labour are in, they don’t want farmers.’

Farmers in tractors drive in Parliament Square ahead of a protest in central London over the changes to inheritance tax (IHT) rules in the recent budget with introduce new taxes on farms worth more than ?1 million. Picture date: Tuesday November 19, 2024. PA Photo. Farmers have reacted over the inheritance tax changes for farming businesses, which limit the 100% relief for farms to only the first ?1 million of combined agricultural and business property. For anything above that, landowners will pay a 20% tax rate, rather than the standard 40% rate of inheritance tax (IHT) applied to other land and property. PA Photo. Photo credit should read: Andrew Matthews/PA Wire
Farmers in tractors drive in Parliament Square ahead of a protest in central London (Picture: Andrew Matthews/PA Wire)
?? Licensed to London News Pictures. 19/11/2024. London, UK. Farmers in tractors drive through Parliament Square as they will gather in protest in Whitehall in central London. Thousands of farmers are in London to demonstrate against the Labour government's changes to how agricultural property is taxed. Farmers will also attend a mass lobby of MPs at nearby Church House organised by the NFU. Photo credit: Marcin Nowak/LNP
Farmers in tractors drive through Parliament Square (Picture: Marcin Nowak/LNP)
epa11728542 British farmers drive tractors into Westminster in central London, Britain, 19 November 2024. Farmers are protesting over the changes to inheritance tax (IHT) rules announced in the recent budget by the Labour government which will introduce new taxes on farms worth more than 1 million GBP. EPA/TOLGA AKMEN
About 1,800 National Farmers’ Union (NFU) members are expected in central london today (Picture: EPA)

The 28-year-old works on a farm near Neath, east of Swansea, which is currently owned by his dad and was previously run by his grandfather.

However, after the announcements made by Chancellor Rachel Reeves last month, he is unsure how much will be passed to him when his father decides to step back.

From April 2026, family farms that had previously been passed on to the next generation tax-free will now be subject to 20% inheritance tax – half of the normal 40% rate.

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LONDON, ENGLAND - NOVEMBER 19: Toy tractors are lined up during a farmers rally on November 19, 2024 in London, England. Thousands of farmers descended on central London to protest against changes to inheritance tax announced in the budget last month. The farmers argue that the changes will destroy family farms and that the nation's food security is at risk, while the government says that the change will likely affect only around 500 larger estate farms. (Photo by Carl Court/Getty Images)
Toy tractors are lined up (Picture: Carl Court/Getty Images)
Liam Price is pictured with a sheep
Liam Price said his family may need to sell a significant portion of their land to afford the levy (Picture: Liam Price)

Mr Price’s family may need to sell a significant portion of their land to afford the levy, he said, and this could come at a price for the country as a whole.

He said: ‘It’s not going to be farmers buying the ground you’re selling. It’s going to be businessmen, which you know – if you’ve got to sell 20% of your land to pay it, it’s a hell of a lot less food being produced.’

The changes have left him wondering whether it makes sense to stay in the industry and whether he should start a family with his partner.

According to the Treasury, a couple who jointly own a farm will still be able to pass on land and property worth up to £3 million tax-free by combining various allowances.

Elizabeth Hanwell, a farmer from Wrexham, North Wales, was up at 4am this morning through ‘wind and snow’ to attend the protest.

She said: ‘They should have left this whole thing alone, just leave it alone!

‘We definitely won’t be deterred by bad weather today, we need MPs right behind us.

‘Nobody has touched fathers for a long time and they need to leave us alone.

‘We live this everyday, it’s our life.’

LONDON, ENGLAND - NOVEMBER 19: Conservative Party Leader Kemi Badenoch (2ndR), Chris Philp MP (L), Claire Coutinho MP (3rdR) and Victoria Atkins MP (R) take part in the farmers rally on November 19, 2024 in London, England. Thousands of farmers descended on central London to protest against changes to inheritance tax announced in the budget last month. The farmers argue that the changes will destroy family farms and that the nation's food security is at risk, while the government says that the change will likely affect only around 500 larger estate farms. (Photo by Dan Kitwood/Getty Images)
Conservative Party Leader Kemi Badenoch, Chris Philp MP, Claire Coutinho MP and Victoria Atkins MP take part in the farmers rally (Picture: Dan Kitwood/Getty Images)
Conservative MPs join farmers protest outside the Houses of Parliament in central London over the changes to inheritance tax (IHT) rules in the recent budget with introduce new taxes on farms worth more than ?1 million. Picture date: Tuesday November 19, 2024. PA Photo. Farmers have reacted over the inheritance tax changes for farming businesses, which limit the 100% relief for farms to only the first ?1 million of combined agricultural and business property. For anything above that, landowners will pay a 20% tax rate, rather than the standard 40% rate of inheritance tax (IHT) applied to other land and property. PA Photo. Photo credit should read: Andrew Matthews/PA Wire
Conservative MPs join farmers protest outside the Houses of Parliament (Picture: Andrew Matthews/PA Wire)

The new leader of the Conservative Party, Kemi Badenoch, led a group of Tory MPs attending the protest.

She said in a speech: ‘The policy is cruel, it is unfair and it is going to destroy the family farm as we know it.

‘That is why at the first opportunity we will reserve the family farm tax.’

David Exwood, the vice president of the National Farmers’ Union (NFU), told Metro this number may sound big to the general public but the unique economics of agriculture need to be taken into account.

He said: ‘Farming is this very unusual industry with a very high asset base that you have to have to do it. You can’t you can’t be a dairy farmer without that. You need that.

‘So it has this high asset base and a very low return on that asset. Even though the numbers sound pretty big, the affordability of the tax is very, very different.’

Richard Brown, the son of a farmer who now runs an insurance broker firm in Derby, said: ‘You don’t do it to make a lot of money.

‘Most farmers would be better off selling the farm, sticking the money in the bank, and going and getting a job and finish starting work at eight or nine o’clock in the morning and finishing at four or five, and they’d earn a lot more than they do farming.’

LONDON, ENGLAND - NOVEMBER 19: Demonstrators attend a farmers rally on November 19, 2024 in London, England. Thousands of farmers descended on central London to protest against changes to inheritance tax announced in the budget last month. The farmers argue that the changes will destroy family farms and that the nation's food security is at risk, while the government says that the change will likely affect only around 500 larger estate farms. (Photo by Carl Court/Getty Images)
From April 2026, family farms that had previously been passed on to the next generation tax-free will now be subject to 20% inheritance tax (Picture: Carl Court/Getty Images)
Thousands of farmers from all over the country have descended upon Westminster today to rally against Labour proposals (Credits: Tom Sanders)

While the government claims the change will affect less than 30% of farm estates, the NFU has said the figure could be closer to two-thirds.

Mr Exwood added: ‘I know countless farmers who are in their later years, in their 70s and 80s, who still own the farm and the business, who had done their tax planning because they didn’t think they needed to do anything.

‘Their tax was just taken care of, and they’re now left with a very difficult problem, but they don’t have much time to sort it out.’

Last Friday, Prime Minister Keir Starmer said a ‘vast majority of farms are going to be unaffected by this’, adding: ‘We just need to keep explaining how that works, because I know it’s caused some anxiety.’

The original plans to base the demonstration in Trafalgar Square reportedly had to be changed last week as there was not enough room for the expected turnout.

Mr Price argued: ‘[The Labour government] are saying they’re not taxing the working man. You try and find someone who works harder than a farmer.

‘Because you know, it’s 365 days a year. I work 40 hours a week full time. It’s hard going and it just seems like, you know, they’re trying to finish the industry off.’

A government spokesperson said: ‘With public services crumbling, a £22bn fiscal hole inherited from the previous government and 40% of Agricultural Property Relief going to the 7% wealthiest claimants, we made a difficult decision to ensure the relief is fiscally sustainable.

‘Around 500 claims each year will be impacted and farm-owning couples can pass on up to £3m without paying any inheritance tax – this is a fair and balanced approach.’

Get in touch with our news team by emailing us at webnews@metro.co.uk.

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