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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'We have to have hope' - Farmers fight for their future as protests continue against inheritance tax reforms
Farmers across Sussex are continuing to protest against the government's inheritance tax reforms – and have been supported by a county council leader in their efforts.
·Lewes, United Kingdom
Read Full ArticleSympathy in short supply as James Dyson bemoans inheritance tax hike
Sympathy has been in short supply for business tycoon Sir James Dyson after he bemoaned moves by chancellor Rachel Reeves to cut agricultural property relief (APR). The vacuum billionaire, who is reputed to own 36,000 acres of farmland in Lincolnshire and Somerset, accused Reeves of “vindictiveness” by changing inheritance tax rules and said family businesses would be “fleeced” by the moves. From April next year, farms and family businesses will…
·London, United Kingdom
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Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution63% Center
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R 25%
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