Olly Harrison urges banks to support farmers in the family farm tax debate

Could the banks be the next ally of British farming in the family farm tax debate?

clock • 2 min read
Prescot farmer Olly Harrison has urged banks across the UK to join farmers, trade unions, and supermarket giants in calling for the family farm tax to be reversed. He said: "We need you now more than ever."
Image:

Prescot farmer Olly Harrison has urged banks across the UK to join farmers, trade unions, and supermarket giants in calling for the family farm tax to be reversed. He said: "We need you now more than ever."

Farmers have urged banks across the UK to support farmers in the ongoing battle to see the family farm tax reversed.

Rachel Reeves and Autumn Budget

Further pressure has been placed on Chancellor Rachel Reeves this week after supermarket giants, including Tesco and Aldi, urged her to consult with the farming sector over proposed changes to Agricultural Property Relief [APR] and Business Property Relief [BPR] in the Autumn Budget. 

PLEDGE YOUR SUPPORT: Join Farmers Guardian's 'Save Britain's Family Farms' campaign

After months of longstanding pressure, farmers have gained support from retailers this week in a moment of national unity, with calls to 'pause and consult' over changes to Inheritance Tax. 

NFU

NFU president Tom Bradshaw said the sector may have to reduce its investment opportunities due to the Government's proposed changes to inherited agricultural property and assets which could have wider ramifications to businesses which are reliant on farmers.

Olly Harrison

Prescot arable farmer Olly Harrison said the wider industry has appreciated the backing from retailers in the campaign to save Britain's family farms.

But now Mr Harrison, also known as 'Olly Blogs' and the 'Accidental YouTuber', has asked for Barclays, Oxbury, Natwest, Santander, Lloyds, Halifax, HSBC and Virgin Money to lend its support to farmers in the campaign to halt Inheritance Tax changes. 

Inheritance Tax 

"It is great we have had supermarkets come on board now to help talk to the Government about this Inheritance Tax which will kill family farms," he added.

"Thank you to all the supermarkets.

"Some were a bit slow but some have been on the ball.

"Now, which bank is going to be the first in the fight to save family farms?

"Get in touch with your bank and ask for their support.

"Let's get the banks involved in this Budget which is destroying family farms.

READ NOW: Which supermarkets are standing up for farmers over the family farm tax so far?

"Let's see if we can get them all on board and get them around a table to speak with Rachel Reeves and Prime Minister Sir Keir Starmer and explain how farming works and how this tax is not sustainable.

"We need to get this reversed to save family farms."

LISTEN NOW:

READ NOW: Farmers urge the industry to keep supermarkets on side amid protests

2001 case MX 170

2001 case MX 170

VIEW ADVERT
£POA

2017, CASEIH FARMALL 75C

2017, CASEIH FARMALL 75C

VIEW ADVERT
£POA

2019, CASEIH PUMA 200

2019, CASEIH PUMA 200

VIEW ADVERT
£POA

More on Farm Business

FG's Ask The Expert: Diversification - what is best for your farm business?

FG's Ask The Expert: Diversification - what is best for your farm business?

In a brand-new monthly series, Farmers Guardian's Ask The Expert, we put your questions to industry experts and get the best insights and advice for your business

clock 24 January 2025 • 1 min read
Rural depopulation leads debate in NFU Scotland presidential race

Rural depopulation leads debate in NFU Scotland presidential race

Farmers and politicians are calling for greater support to be provided to Scottish farming and rural communities in addressing the challenges of rural depopulation

clock 24 January 2025 • 4 min read
Tesco provides support to farmers in family farm tax debate

Tesco provides support to farmers in family farm tax debate

The retailer has joined Morrisons, Asda and Booths in calling for a full consultation on changes to Agricultural Property Relief

clock 22 January 2025 • 3 min read