Morrisons' head of agriculture Sophie Throup said the retailer had been raising farmers' concerns over IHT with Government since November 2024
In today's Farming in Five, chief reporter Rachael Brown reports on the confirmed case of foot-and-mouth disease in Germany. Meanwhile, the Efra Committee has called for an inquiry into animal and plant health which will focus on biosecurity at the border. The National Pig Association hopes the inquiry will apply pressure on the relevant Government departments to ‘effect the change so desperately needed.’ Elsewhere, Morrisons becomes the first supermarket to show public support for farmers in the fight against proposed changes to Inheritance Tax.
Speaking at Oxford Farming Conference, Defra Secretary Steve Reed said: "I am sorry that some of the action we have to take shocked you in turn, but stable finances are the foundation of the economic growth"
CAAV secretary and adviser Jeremy Moody said: "Our calculations point to the first decade of the proposed policy ending with 89,500 farming taxpayers liable for Inheritance Tax on their farm assets"
In today's Farming in Five, Chief Reporter Rachael Brown reports on the criticism made by Tenant Farmers Association towards Treasury Ministers, accusing them of political stonewalling against any consideration of 'reasonable' amendments to the proposed changes to APR and BPR. Farmers Guardian’s campaign to save Britain's family farms from Inheritance Tax changes will feature heavily at this year’s LAMMA show
Tenant Farmers Association said they have only been allowed one ‘short' meeting with the Exchequer Secretary to the Treasury, with the Chancellor herself ‘no where to be seen'
Revd Jeffrey from The Arthur Rank Centre said: "Whatever your beliefs, this season invites us to reflect on the values of generosity, compassion, and community. These values are at the heart of rural life, and they inspire us to continue supporting one another through every challenge
Description: In today's Farming in Five, Chief Reporter Rachael Brown reports on reaction to the Prime Minister, Sir Keir Starmer's comments that the purpose of the inheritance tax reform was to raise revenue in the Budget. Shortly after making these comments, his Farming Minister Daniel Zeichner said on a webinar hosted by the Tenant Farmers Association that far too many farmers are dependent on Government support schemes, and the new environmental schemes are about using public money for public goods, not about farming support – 'that comes alongside it.' Elsewhere, fairness in the supply chain will be the focus of a new inquiry by the Efra Committee. MPs will examine a range of key issues affecting the sector, including the levels of support for domestic food production, access to affordable and healthy food, labour shortages in the supply chain, and food prices.
A survey by law firm Shakespeare Martineau found out of 250 agricultural and small businesses, almost a quarter (22%) have identified the need to diversify their operations for business survival
The Office for National Statistics said GDP fell 0.1% in October 2024. Services showed 'no growth', while Production (-0.6%) and construction (-0.4%) both fell.