World Daily News
Business
United Kingdom

British Farmers Protest in London Against Controversial Inheritance Tax

Images from the reference sources
Over 20,000 British farmers protested in London against a new inheritance tax that they claim threatens their livelihoods, demanding the government reconsider its policy.

The protest highlights a growing discontent among farmers regarding government policies that they feel do not take their needs into account, particularly in the wake of Brexit and its associated challenges.

The involvement of high-profile figures like Jeremy Clarkson in the protest underscores the cultural significance of farming in Britain and the public's growing awareness of agricultural issues.

The tax policy is seen as a potential catalyst for a larger movement among farmers, with calls for sustained action and possible strikes if their demands are not met.

If the government does not address the farmers' concerns, there may be a significant escalation in protests, potentially leading to strikes that could disrupt food supply chains in urban areas.

The ongoing unrest could influence future elections, particularly if farmers mobilize their communities and gain broader public support for their cause.

The Labour government may be forced to reconsider or amend the inheritance tax policy in response to the mounting pressure from the agricultural sector and public sentiment.


As winter descends upon Britain, over 20,000 farmers and ranchers gathered in central London on November 19, 2024, to protest against a controversial inheritance tax introduced by the Labour government. The protest, which saw many participants arriving on tractors, was aimed at the new tax policy that farmers claim threatens their livelihoods and the future of small farms across the country.

The inheritance tax, which has been raised to 40%, is set to affect farms valued at over £1 million starting in April 2026. Farmers argue that this tax will force many to sell their land rather than pass it on to their children without incurring significant tax liabilities. The National Farmers Union (NFU) president, Tom Bradshaw, described the government's actions as a 'betrayal' and warned that protests would continue until the policy is reconsidered.

Support for the farmers came from various political figures, including former Prime Ministers Boris Johnson and Liz Truss, who criticized the tax as detrimental to British agriculture. Johnson labeled it 'Labour’s insane tax on family farms,' while Truss warned that the British way of life is under threat due to the prioritization of tax policies over food production.

Prime Minister Keir Starmer defended the government's position, stating that the majority of farms would not be affected by the tax and that significant funding was allocated for agriculture in the upcoming budget. However, farmers remain skeptical, citing their own data which suggests that a large percentage of commercial farms will be impacted.

Clam Reports
Refs: | Le Figaro | Clarin |

Trends

Business

Massive Discounts on Robot Vacuums: Ecovacs and Dreame Lead the Way

2024-11-19T16:01:51.278Z

Major discounts on popular robot vacuum cleaners from Ecovacs and Dreame ahead of Black Friday.

Business

Central Bank of Russia Plans Key Rate Reduction by 2025 Amid Inflation Control

2024-11-19T21:10:41.809Z

The Central Bank of Russia is considering a reduction in the key interest rate starting in 2025, depending on inflation trends. Chairperson Elvira Nabiullina highlighted the importance of stabilizing prices to support economic growth.

Business

Ouest-France Ceases Publications on X, Citing Elon Musk's Management

2024-11-19T18:41:23.826Z

Ouest-France, France's largest regional daily, has announced it will stop publishing on the social media platform X, citing concerns over disinformation and the platform's management under Elon Musk.

Business

Black Friday 2024: Major Discounts on Vacuum Cleaners at Conforama and Dreame

2024-11-19T18:30:39.992Z

Major retailers Conforama and Dreame are offering significant discounts on vacuum cleaners ahead of Black Friday 2024, with prices slashed on popular models.

Business

Argentina Advances Trade Agreements and Taxation Initiatives at G20 Summit

2024-11-19T23:20:34.831Z

Argentina made significant progress at the G20 summit, securing trade agreements with Brazil and advocating for effective taxation of the ultra-rich.

Business

Gulf Sovereign Wealth Funds Shift Strategies Amid Global Changes

2024-11-19T20:10:37.211Z

Sovereign wealth funds in the Arabian Gulf are undergoing significant leadership and strategic changes, reflecting their growing influence in global markets and a shift towards diversification and geopolitical awareness.

Latest