Raising Inheritance Tax threshold could 'save' British farming

Could British farming be saved if Chancellor Rachel Reeves raised the Inheritance Tax threshold to £5 million?

Chris Brayford
clock • 2 min read
Jim Shannon, MP for Strangford, said: "We need the Minister (Daniel Zeichner) to stand up for farming; we all look to him to do that. Go to the Chancellor, tell her what we need—to increase the threshold from £1 million to £5 million—and things will be better."
Image:

Jim Shannon, MP for Strangford, said: "We need the Minister (Daniel Zeichner) to stand up for farming; we all look to him to do that. Go to the Chancellor, tell her what we need—to increase the threshold from £1 million to £5 million—and things will be better."

Farming Minister Daniel Zeichner has been urged to fight for farmers in helping to increase the proposed Inheritance Tax threshold in order to 'save' British farming. Jim Shannon, MP for Strangford,...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358
Register for free Join Now

 

More on Politics

Farming Matters - Scott Donaldson: "Family farms are Britain's last true industry"
Politics

Farming Matters - Scott Donaldson: "Family farms are Britain's last true industry"

Alex Black
Alex Black
clock 08 November 2025 • 3 min read
EXCLUSIVE - John Milne: 'Farmers are expected to adhere to high animal standards while being condemned to an unfair market structure'
Politics

EXCLUSIVE - John Milne: 'Farmers are expected to adhere to high animal standards while being condemned to an unfair market structure'

The Horsham MP said the current food system makes it nearly impossible for farmers to sell food profitably outside supermarket contracts, making it incredibly difficult for people to access locally-produced food in the process

John Milne
clock 07 November 2025 • 3 min read
OPINION: "As Remembrance Day takes place, it is hard to see the country slide into the same worrying position as IHT and geo-political turmoil take hold"
Politics

OPINION: "As Remembrance Day takes place, it is hard to see the country slide into the same worrying position as IHT and geo-political turmoil take hold"

Digital editor Emily Ashworth looks back at food security woes throughout the year in this Remembrance Day special

Emily Ashworth
clock 07 November 2025 • 2 min read