ALT Red graphic with white text: The truth about Labour's Budget and farmers - The change announced in the Budget will not impact the majority of farmers. - Estates worth up to £3 million could still be passed on by a couple completely free of inheritance tax. - Where inheritance tax does apply, farmers will still pay 50% less inheritance tax than everyone else. - Heirs can spread the payment over 10 years interest-free instead of having to pay it all at once. - The policy is about protecting smaller family farms while ensuring the wealthiest landowners pay their fair share. - Our public services need fixing and the wealthiest should be the ones who bear the greatest burden so we can do that. - Farmers will benefit from £5 billion being invested into farming over the next two years - the largest amount ever directed towards sustainable food production in our country's history.
