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James Dyson: Rachel Reeves’s inheritance tax rises ‘destroy family businesses’

  • Farmers fear the government's new inheritance tax will devastate family farms across the country, as it taxes farms valued at over £1 million an additional 20% upon the owner's death.
  • The National Farmers' Union held a 'National Day of Unity' on January 25, where over 30 farmers gathered in Newark to engage the public and promote British farming.
  • Nottinghamshire NFU chairman Colin Bower stated that some elderly farmers feel their lives are valued only in monetary terms, saying it's heart-breaking that they think they need to die before April 2026.
  • Two green politicians have supported a new inheritance tax on farmers, with councillors calling for a 20% tax on farms valued over £5 million, despite opposition from conservative leaders.
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  • 63% of the sources are Center
63% Center
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The Times broke the news in United Kingdom on Sunday, January 26, 2025.
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