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
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'
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"
Over 1,500 farmers sent out a clear message to their MPs at the NFU rally, demanding the family farm tax to be stopped and properly consulted on
Labour Government will only be happy when 'countryside does not exist' says demonstration organiser
Fears for uplands and common land farmers following reduction in direct payments
Growers would have to allocate 159% of its profit each year just to cover the tax bill
The mass lobby on November 19 is now at full capacity. ²ÝÁñÉçÇø who have not already registered for the event are warned not to travel down to London and told there will be another opportunity to make their voices heard
Nearly half of Labour voters think farmers should be exempt from Inheritance Tax