Budget Looms and Reeves and Starmer Continue on Collision Course with Rural UK Says FFA
Farmers For Action Steering Committee (FFA( say that the upcoming budget on 26th November is unlikely to bring any relief by way of inheritance tax or employment costs to farming families and many businesses across the UK.
William Taylor, FFA said: “Disasters have inflicted an estimated $3.26 trillion in agricultural losses worldwide over the past 33 years – an average of $99 billion annually, roughly 4% of global agricultural output – according to a new report by the Food and Agriculture Organisation of the United Nations (FAO).
“The report provides the most comprehensive global assessment to date of how disasters – from droughts and floods to pests and marine heat waves – are disrupting food production, livelihoods and nutrition.
“In spite of all this, this Labour Government remains hell bent on putting UK family farmers out of business because of inheritance tax, poor farm gate prices and diminishing support money.
“Statistics show over 51% of family farmers already are considering quitting the industry.”
“There is little doubt the budget will deliver more tax increases as this Government hasn’t realised the key that agriculture holds in kick-starting the economy.
“For this to happen, the inheritance tax due to being enshrined in law next April, must be reversed and a UK-wide Farm Welfare Bill put in place to have farmers paid the true cost of production.
“It must be inflation linked plus a margin for their produce across the board and the UK will boom!”
