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UK Farmers Protest to Save Their Land: New 20% Inheritance Tax Threatens Family Farms & Food Supply
11 months ago
461
UK: Tens of thousands of farmers are on their way to London to protest the government's new 20% inheritance tax on farms, which will force countless farmers to sell their farms.
"There is a deep seated anger at these inheritance tax rules... [Farmers] believe that it could actually put many farms out of business, leading potentially to food shortages."
"This could mean that we see the end of an absolutely vital industry that feeds the nation."
"[Farmers] don't have cash. It may be in assets, but there's no cash to pay these taxes that they want to bring in... There's going to be low productivity, people having to sell because of having to pay inheritance tax bills."
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