PM Keir Starmer has angered the farming sector with the new Budget.Keir Starmer has been accused by angry farmers of breaking his previous promises to the sector with Labour’s Budget yesterday.Chancellor Rachel Reeves announced several changes which will directly impact British farmers on Wednesday, including limiting inheritance tax relief on farms to £1 million. This means small family farms worth over that amount will struggle to pass their land down the generations from April 2026, without paying a 50% relief, and at an effective rate of 20%.The sector was furious at these changes, especially as the prime minister promised to the National Farmers’ Union in 2023, when he was leader of the opposition, to look after the sector.The NFU, which has 45,000 members, reminded Starmer with a damning clip on social media from last year’s conference that he had “looked farmers in the eye and said he knew what losing a farm meant”.In the unearthed footage, Starmer tells the crowd: “Every day seems to bring a new existential risk to British farming.
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