Shropshire Star

Passion, fear and optimism: What Shropshire farmers made of huge Inheritance Tax protest - and what comes next

Farmers across Shropshire and Staffordshire joined thousands in London to protest against the Labour government’s inheritance tax.

Plus
Published
Last updated

Watch more of our videos on ShotsTV.com
and on Freeview 262 or Freely 565

Kier Starmer's Labour government has been engulfed in criticism from farmers following its announcement that agricultural assets valued over £1 million will no longer be exempt from the tax from April.

Farmers from across Shropshire and Staffordshire joined thousands at a rally in Westminster in London with Jeremy Clarkson and Nigel Farage among the well known faces in the crowd. Some Shropshire farmers also met with county MPs to express their fears in person.

Under plans unveiled in the autumn Budget on October 30, Inheritance Tax would be levied at 20 per cent on agricultural assets above £1 million, which includes livestock, farmhouses, sheds, and machinery - although Chancellor Rachel Reeves has said that in some cases the threshold could in practice be about £3 million.

Graham Price spoke to the Shropshire Star from a coach as it was leaving central London for the long trip back to Shropshire.

"We've had a very interesting day, attending both the rally and the lobby of MPs, where we managed to meet three of our five Shropshire MPs [Julia Buckley for Shrewsbury, Helen Morgan for North Shropshire and Stuart Anderson for South Shropshire].

"Our hope is that the number of people and the passion shown will help the government realise their plans on Inheritance Tax need amending.

"We feel that [Labour] have come to this problem by using the wrong data."

He said he feared that very small farms - "pony paddocks" - were being included in the government's financial analysis and "skewing" the figures being used by the Treasury.

"As farming businesses we don't think it will achieve what they're trying to do. They're trying to target the very, very large farms... but small farms are being caught in the crossfire as unintended targets.

"What we would be happy to accept would be an increase in tax on production, rather than a tax on assets after an unfortunate death in the family."

Asked about the general mood on the bus home, Mr Price said it was "optimistic".