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.
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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.
Thank you supermarkets for backing British farming over the #familyfarmtax now banks we need your help @VirginMoney @HSBC_UK @NatWest_Help @Barclays @OxburyBank pic.twitter.com/5Uc5E7ikNv
— Olly harrison 🥛🍔🌱AccidentalYoutuber (@agricontract) January 24, 2025
"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.
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"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."
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