Farmers across the UK are escalating protests against the Chancellor's inheritance tax reforms, urging a government U-turn. The National Farmers Union (NFU) submitted a petition with over 270,000 signatures to 10 Downing Street, warning that the changes could 'decimate' the agricultural sector. Key voices in farming, like NFU vice president Rachel Hallos, emphasize the complexities of the food supply chain and highlight that assets tied up in farming must be understood by the government. The potential impacts extend to food security and the livelihoods of rural businesses, which rely heavily on each other.
The inheritance tax changes from the Budget will ultimately decimate what we've currently got in this country, and we're really worried about it.
We completely appreciate that a lot of members of the general public will say, 'Oh for goodness sake, you're alright in your big farmhouses... But the reality is, those are our assets, we never sell them.
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