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    You are at:Home»News»International»Labour’s inheritance tax raid on farmers ‘will spell the death of farm shops’ as landowners may be forced to close stores and lay off staff
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    Labour’s inheritance tax raid on farmers ‘will spell the death of farm shops’ as landowners may be forced to close stores and lay off staff

    Papa LincBy Papa LincNovember 23, 2024No Comments2 Mins Read0 Views
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    Labour’s inheritance tax raid on farmers ‘will spell the death of farm shops’ as landowners may be forced to close stores and lay off staff
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    By ANNA MIKHAILOVA DEPUTY POLITICAL EDITOR

    Published: 17:41 EST, 23 November 2024 | Updated: 17:41 EST, 23 November 2024

    Labour’s inheritance tax raid on farmers will spell the death of the farm shop, Rachel Reeves has been warned.

    Farmers say they may have to close shops or lay off staff as a result of last month’s Budget.

    A Gloucestershire farmer said: ‘Farm shops rely on locally sourced ingredients which are often from small producers – which will be entirely eradicated over a generation.’

    Geraint Thomas, who has a shop on his Welsh farm, said it was facing a ‘big hit’ from the Budget, partly through the employers’ NI hike. 

    He said shop owners will face tough decisions on raising prices, cutting staff or even closing.

    Labour’s inheritance tax raid on farmers ‘will spell the death of farm shops’ as landowners may be forced to close stores and lay off staff

    Labour’s Autumn budget proposed consequential tax hikes on farm owners across the UK

    Farm shop owners say they will face tough decisions on raising prices, cutting staff or even closing due to Labour's budget

    Farm shop owners say they will face tough decisions on raising prices, cutting staff or even closing due to Labour’s budget

    Conservative Party officials have claimed that farms may be forced to sell off their land to pay for Labour's new tax rates

    Conservative Party officials have claimed that farms may be forced to sell off their land to pay for Labour’s new tax rates

    Conservative environment spokesman Victoria Atkins said: ‘Farm shops themselves will not only suffer as a result of the family farm tax – which will force many farms to sell off land to pay tax bills totalling hundreds of thousands of pounds. They will also be hit with Rachel Reeves’ National Insurance hike.’

    The UK has more than 1,500 farm shops, employing 25,000 people, according to agriculture university Harper Adams.

    Mo Metcalf-Fisher, of the Countryside Alliance, said: ‘Many farm shops depend on produce from small family farms to help feed the countryside and sustain their business.

    ‘If those farms are lost, these shops as well as farmers’ markets will be severely impacted, undermining their ability to sell popular local produce.’

    A government spokesman said: ‘Our commitment to farmers remains steadfast – we have committed £5 billion to the farming budget over two years, including more money than ever for sustainable food production.’

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    Labour’s inheritance tax raid on farmers ‘will spell the death of farm shops’ as landowners may be forced to close stores and lay off staff



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