In a significant show of discontent, thousands of farmers converged in London on Tuesday, expressing their opposition to recently announced inheritance tax revisions by the Labour government. The changes, outlined in Chancellor Rachel Reeves' budget, will impose a 20% estate tax on agricultural assets exceeding £1 million (approximately $1.3 million) starting in April 2026, which has sparked anger among rural communities.
Farmers Take to London's Streets to Oppose Inheritance Tax Reforms
Farmers Take to London's Streets to Oppose Inheritance Tax Reforms
Farmers across the UK are rallying against impending inheritance tax changes, highlighting concerns over the future of family-run farms.
Protesters brandished placards with messages such as “No farmers no food,” underscoring their belief that government policies are undermining the agricultural sector. The reforms mean that while 73% of farms will remain unaffected, some families may need to sell their long-held farms due to the new tax obligations. This unrest follows a similar demonstration in Wales, where Prime Minister Keir Starmer was present, suggesting increasing tensions in the farming community who feel overlooked by government decisions. The protest echoes sentiments from prior demonstrations, including one against fox hunting bans in 2002, emphasizing a historical pattern of dissent among British farmers.
