inheritance tax

Cabinet Secretary for Rural Affairs and Climate Change Huw-Irranca Davies spoke with our chief reporter Rachael Brown about updates to the Sustainable Farming Scheme (SFS), Hybu Cig Cymru facing allegations of 'toxic culture', IHT changes and impact on Welsh farmers, and the upcoming budget in Wales and what this means for SFS

A Liberal Democrat survey has highlighted the potential impact on food prices and the supply chain

The NFU said their campaign to overturn the family farm tax has attracted an increase of 50,000 signatures over just two days in the lead-up to and after the NFU's mass lobby of MPs in Westminster this week

Welsh Conservatives said the family farm tax will be 'detrimental to the future of farming in Wales', warning that food security will be 'threatened and food prices will rise'

The NFU said the Government's initial claim that only 27% of farms will be affected by the new IHT policy 'materially underestimates the true proportion'. Their analysis found 'around 75% of commercial family farms will be above the £1 million threshold'

NFU deputy president David Exwood said it was ‘very clear that tenants will be impacted' by the Government's IHT proposals

Sir Keir Starmer has faced questions from local BBC radio stations, including on Inheritance Tax, solar farms and whether he has a problem with rural Lincolnshire

Secretary of State Steve Reed said some landowners and farms will pay more inheritance tax as a result of the changes, but he said the Government wanted to 'support family farms'

Secretary of State Steve Reed said the roadmap would be focused on making farming and food production 'more profitable in the decades to come', and farmers will tell Government what they need to make a 'success of this vital transition'

Secretary of State Steve Reed said: "Assuming these projections from HMRC validated by Office for Budget Responsibility [OBR] and Institute for Fiscal Studies [IFS] are correct, than many of them, probably happily are wrong"