Anger was high in London with thousands of British farmers protesting against sweeping changes to inheritance tax.
From April, farms worth over 1.2 million dollars might be subject to a 20% tax, when they are passed on to beneficiaries.
Our correspondent Ray Adisson speaks to one furious farmer who thinks the future of his industry is at stake.
#farming #uk #taxes
From April, farms worth over 1.2 million dollars might be subject to a 20% tax, when they are passed on to beneficiaries.
Our correspondent Ray Adisson speaks to one furious farmer who thinks the future of his industry is at stake.
#farming #uk #taxes
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NewsTranscript
00:00The next generation, you know how it is in the country, no one wants to work any youngsters.
00:04They certainly don't want to come out on the farm seven days a week, up to their eyeballs
00:07and mess and muck, all winds and weathers, when they can get an easy job nine to five
00:12in town. We can't get any better work on the farms as it is. With this, it's just going
00:16to finish it. It's just going to finish the whole countryside. It's all going to transform
00:19the countryside into an urban leisure ground. All the farms around us are going into hunting
00:24and shooting. All the youngsters like to go on out for a day with them, getting £50 a
00:30day cash and then getting all their drinks and food down the pub. They don't want to
00:34come out on the farms anymore. That's what we're up against. All the wealthy business
00:40people coming down in the country just for leisure nowadays and they don't want the food
00:44production. What happens if there's a war and they haven't got the food production?
00:48And they haven't got the expertise of the people anymore to make the food.