Reform UK leader Nigel Farage has raised concerns regarding the UK Chancellor's proposed inheritance tax hike, stating it poses a threat to farmers and family businesses. Joining protests in London, he criticized the policy for undermining confidence in the UK economy and causing distortions in land values due to wealthy investors exploiting loopholes. An e-petition against the tax has gained significant traction, reflecting public dissatisfaction. Farage urged MPs to listen to farmers' concerns and argued that the elimination of inheritance taxes is essential for preserving family farms and businesses.
Farage criticized the Chancellor's budget, asserting that inheritance taxes are detrimental to farmers and family businesses, urging for their outright abolition.
Farage noted that wealthy investors exploit inheritance tax loopholes, significantly increasing land values and negatively affecting local farmers.
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