Six months since Labour's Autumn Budget – what is in store for farming?

Since Rachel Reeves announced that farmers will have to pay Inheritance Tax from April 2026, the industry stood up and asked for U-turn. The Government, however, is steadfast in its decision

Emily Ashworth

30 April 2025 • 4 min read

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On October 30, 2024, Chancellor Rachel Reeves announced farmers would have to pay Inheritance Tax

October 30, 2024, will probably forever be remembered by agriculture as the day it felt like the Labour Government turned its back on the industry. In Chancellor Rachel Reeves' Autumn Budget, she announced...

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Farmers stage demos at ports in Felixstowe and Bristol

British farmers said they are being 'undercut' by cheap imports on supermarket shelves and 'devalued' by Government with changes to Inheritance Tax, all at a time when producers face ever increasing costs to produce food