M&S calls on ministers to rethink farm inheritance tax reforms amid rural backlash

M&S calls on ministers to rethink farm inheritance tax reforms amid rural backlash
UK farm incomes have stagnated since the 1970s, a new report finds, as consolidation in the supply chain and new taxes threaten Britain’s agricultural sector.

Marx & Spencer called on the government to reconsider the proposed reforms to alleviate the inheritance tax for farms, and to warn against the harmful consequences of rural societies and food security for Britain.

Alex Freudman, Managing Director of M & S Food, urged the new Emma Reynolds Minister of Environment to support farmers in Britain after their increasing anger in the countryside. Freudman said: “We support the calls of our farmers to the government to do more to support agriculture, and this includes supporting their call to rethink the inheritance tax,” Freudman said.

The FTSE 100 formerly joined the National Union of Farmers in the Ministers attached to the extension of consultations on the proposed changes in relief from agricultural property and commercial real estate relief, which currently protects many family farms from penal tax bills.

The most intense language signals are ready to take a more accurate position against the Sir Kerr Starmer administration, weeks after the rural discomfort on the Labor Party approach.

M & S was written to Renolds ancestor, Steve Reed, on June 19 after consulting farmers and farmers. In the letter, Freudmann warned of “suspicion … that there is a real national commitment to increasing the local food supply” and urged the government to define a clear legal goal of local food production.

“It is a clear and concrete goal to increase the proportion of the original foods eaten in the UK, the UK will ally,” Freudman said. “If it is placed in the law, such as the targets about zero zero or protection of nature, it may also tend to balance towards farmers and farmers in decisions related to planning or water access.”

Sources said that Reed did not respond to the message. But Reynolds visited the pig farm on Saturday on one of its first flights as the Environment Minister.

A government spokesman defended the tax changes of inheritance, saying it was vital to helping to reform public financial resources. “Our reforms on relief in agricultural and commercial property are vital to reforming the public services that we all depend on. Three quarters of real estate will continue to pay any inheritance tax at all, while the remaining quarter will pay half of the inheritance tax that most people pay, and payments can spread over ten years, exempt from interest.”

This row comes after weeks of rural protests and fears of agricultural leaders that work reforms risk destabilizing the family -run farms already with high costs, trade disorder, and environmental compliance pressures.


Jimmy Young

Jimmy is a major business correspondent, as he brings more than a decade of experience in the commercial reports of small and medium -sized companies in the United Kingdom. Jimmy holds a certificate in business administration and regularly participates in industrial conferences and workshops. When not reporting the latest business developments, Jimmy is excited to direct journalists and new businessmen to inspire the next generation of business leaders.

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