18.1 C
Auckland
Wednesday, February 12, 2025

Popular Now

Tractors block central London in massive farmers’ protest (Video)

Hundreds descended on the British capital to decry inheritance tax changes.

Tractors blocked the streets around the Houses of Parliament in London on Monday as British farmers gathered to rally against the government’s plans to change the country’s inheritance tax policies. The changes will force many farms into bankruptcy, analysts say.

The policy announced in the budget by the ruling Labour Party last year will come into effect in April 2026, scrapping a longstanding exemption that meant no inheritance tax was paid to pass down family farms. According to the updated policy, agricultural assets worth over £1 million ($1.24 million) would be liable for the tax at 20% when handed down to heirs after the owner’s death.

The day-long tractor rally, organized by Save British Farming, was staged as British lawmakers debated an e-petition with nearly 151,000 signatures calling to preserve the current inheritance tax exemptions for working farm estates.

The protest is intended to protect the country’s food security, political commentator Katie Hopkins told RT, emphasizing that the farmers were not demanding subsidies or other state funding.

“They’re just asking to keep the farms they inherited from their parents so they could give them to their kids. They’re just asking to get up at five o’clock in the morning so they can feed the nation,” Hopkins said.

Much like previous rallies, the farmers entered Westminster on their tractors honking and holding signs reading “We all need a farmer,” ”Food security first,” and “Let’s stand together,” among numerous other slogans.

According to Dan Willis, one of the participants in the rally, land owned by farmers is not an asset for trade as it is used for growing crops and grazing livestock.

“We may sit amongst this massive asset, but without that asset, that’s how we earn our living,” he said. “Once you start taxing my tools, I can’t do my job, and I can’t pay any taxes.”

“Understand the basic mathematics of how they’ve got it so far wrong; it is unsurvivable from how we can move forward as it stands today,” Willis highlighted.

Tom Bradshaw, the head of the National Farmers Union, argued that the farmers do not object to paying taxes, but that they prefer to pay tax on produce “rather than a death tax, which is simply unaffordable and unacceptable.”

Amid protests in November, UK Prime Minister Keir Starmer defended imposition of the controversial tax, arguing that the overwhelming majority of farmers would be exempt from the measure. Starmer also said that the government was taking “tough decisions that were necessary to stabilise our economy.”

Promoted Content

Source:RT News

No login required to comment. Name, email and web site fields are optional. Please keep comments respectful, civil and constructive. Moderation times can vary from a few minutes to a few hours. Comments may also be scanned periodically by Artificial Intelligence to eliminate trolls and spam.

3 COMMENTS

  1. Bout time farmers. While you are there, ram raid the City of London, the corporate city state also known as the The Crown, as that is the head of the snake, the source of all our problems, The Empire.

  2. The Bank of England is near bankrupt ( last col. mcgregor video). They would tax mice and cockroaches if they could get money out of them

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Trending

Sport

Daily Life

Opinion

Wellington
clear sky
14.8 ° C
14.8 °
14.8 °
77 %
0.5kmh
7 %
Tue
17 °
Wed
18 °
Thu
21 °
Fri
22 °
Sat
21 °