Farmers face record closures amid inheritance tax U-turn and political row
TL;DR Summary
The UK government has reversed its plan to impose a 20% inheritance tax on farms, partly due to protests, political pressure from rural Labour MPs, and concerns over public perception, especially after Labour's recent election victory. The change, costing £130m, highlights the government's reactive approach to controversial policies and ongoing political calculations.
- Starmer backs down in farm tax row - but why now? BBC
- Farm inheritance tax change 'not going far enough' BBC
- U-turn on inheritance tax for farmers ‘snuck out’ to avoid scrutiny, say Tories The Guardian
- Starmer’s inheritance tax fiasco led to 6,000 farming closures The Telegraph
- Record farm closures in run-up to inheritance tax U-turn The Times
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