Family Farm Tax threshold increase: Govt must now scrap the unfair tax "in full"
EMBARGO: Immediate Release
Responding to the news that the farm tax inheritance threshold will increase from 1 million to 2.5 million, Liberal Democrat Environment, Food and Rural Affairs Spokesperson, Tim Farron MP, said:
"It is utterly inexcusable that family farmers have been put through over a year of uncertainty and anguish since the Government first announced these changes.
"Liberal Democrats were the first to call out and oppose the unfair family farm tax in last years Budget and we have been proud to stand alongside our farming communities to campaign against it ever since. This concession has been hard won, and I am so grateful to all the farmers who have fought tirelessly to achieve this.
"This is about justice and security - if we undermine British farming then we also undermine our ability to provide us with the food we need to keep us secure in an uncertain world. "Yet many family farms will still find themselves financially crippled and barely making the minimum wage.
“We demand that the government scraps this unfair tax in full and if they refuse to, Liberal Democrats will submit amendments in the new year to bring it down.”
ENDS