Wealthiest landowners will avoid Labour’s ‘farm tax’ – but family farms will have ‘rug ripped out from under them’, shadow Farming secretary Victoria Atkins has said.
Atkins spoke out after tens of thousands of farmers marched through Westminster protesting at forcing them to pay 20 per cent inheritance tax on estates worth over £1million.
She told GB News’ Chopper’s Political Podcast: “The wealthiest landowners will be able to find expensive lawyers to work their way around through trusts.
“What is so worrying about this is that this literally rips the rug out from under the feet of farmers, who for generations have done nothing more than do the right thing, farm their land, bring their children up to understand how to run a farm, how to work with livestock, how to run an arable farm.”
Labour PM Sir Keir Starmer has defended the tax, telling GB News this week that the cash is needed to fund public services.