"Tractors have descended on London ahead of a Budget day protest by farmers despite a ban on the vehicles in Whitehall. Footage showed dozens of tractors rolling down the M4 on Wednesday, while another video showed a stream of the vehicles in the capital. Dozens of the farm vehicles, some draped in Union Flags and St George's Crosses, made their way to the capital despite Metropolitan Police restrictions banning tractors and agricultural machinery from Whitehall."
"Farmers are planning to protest the unpopular inheritance tax on farmer before Rachel Reeves delivers her budget. From April this year farms and rural businesses only get full inheritance tax relief on the first 1m of assets, with anything above that amount facing a 20% tax. The policy was introduced by the Labour government to raise revenue and "make reliefs fairer" but farmers argue the cap will hit small family farms the hardest."
Dozens of tractors travelled into London ahead of Budget day despite Metropolitan Police restrictions banning agricultural vehicles in Whitehall. Footage showed convoys on the M4 and streams of farm vehicles in the capital, many draped in Union Flags and St George's Crosses. Farmers plan to protest a new inheritance tax cap that limits full relief to the first 1m of assets, with amounts above taxed at 20%. The measure was introduced to raise revenue and "make reliefs fairer," but farmers warn it will disproportionately harm small family farms. Chancellor Rachel Reeves signalled tax measures and fiscal restraint in the Budget.
Read at www.standard.co.uk
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