Farmers are set to participate in a Pancake Day rally in London to protest Labour's proposed 20% inheritance tax on agricultural land and businesses above 1 million. This move will eliminate the longstanding exemption that allowed family farms to be passed down without tax implications. The police have cautioned against farmers driving tractors into central London due to safety concerns, threatening arrest for those who do. Farmers argue this tax will inhibit investment and lead to forced land sales, posing a significant threat to rural communities and family-run farms.
Police have issued a warning to farmers against driving their tractors into central London for a Pancake Day rally opposing Labour's changes to inheritance tax.
The Labour Party intends to implement a 20% inheritance tax on agricultural land and businesses exceeding 1 million, removing the previous exemption for family farms.
Farmers argue that these changes will force land sales, impede investment, and disproportionately affect families who do not have succession plans in place.
The protest is set to commence at midday in Whitehall, culminating at Parliament around 3pm, emphasizing farmers' anger towards the tax policy.
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