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Farm inheritance tax plan has put Britain’s food security at risk, says Tesco

Tesco, Aldi, and Lidl support British farmers against government tax changes in the budget, raising concerns about food security and investment in agriculture.
The Office for Budget Responsibility warned that the new inheritance tax could lead farmers to reduce investment, impacting the agricultural sector's future.
Chancellor Rachel Reeves announced that farms worth over £1 million will incur a 20% inheritance tax starting April 2026, which farmers claim could threaten their businesses.
Farmers plan protests across the UK to oppose the tax changes, emphasizing the potential negative effects on food prices and rural economies.

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The Mail

Farmers to protest in south Cumbria this weekend over inheritance tax dispute

Cumbria farmers and growers will join the NFU’s National Day of Unity this weekend to apply pressure on the Government to reverse the decision.

2 months ago·Barrow-in-Furness, United Kingdom

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The Indiana Gazette Online

+5 Reposted by 5 other sources

Tax change sows anger on England farms

In a field in southwest England where his dairy cows graze, Adam Stanbury said he feared the government's new farm tax, coupled with existing economic headwinds, will ruin his family business and many others.

2 months ago·Indiana, United States

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GB News

Tesco warns inheritance tax raid on farmers has put Britain's food security at risk

Tesco has joined other major supermarkets in warning that Labour's inheritance tax raid on farmers threatens Britain's food security.Ashwin Prasad, Tesco's chief commercial officer, backed calls for a pause in the controversial Budget measures, saying farmers "desperately need more certainty."The retail giant has aligned with Sainsbury's, Asda and Morrisons in supporting farmers' opposition to the tax changes."With many smaller farms relying on …

2 months ago·London, United Kingdom

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LBC

Tesco backs farmers in ongoing inheritance tax row as it warns Britain's food security is at risk

Tesco is the latest supermarket giant to hit out at Chancellor Rachel Reeves over the farm tax.

2 months ago·London, United Kingdom

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BBC News

Tesco, Aldi and Lidl hit back at farm inheritance tax

Tesco, Aldi, and Lidl have backed British farmers in their dispute with the government over tax changes in the Budget. Ashwin Prasad, Tesco’s chief commercial officer, said “the UK’s future food security is at stake” and the government should pause the introduction of inheritance tax on farms worth over £1m. Tesco is Britain’s biggest supermarket […]

2 months ago·United Kingdom

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