LIVE UPDATES: What impact will the Chancellor's Autumn Budget have on farming?

Rachel Reeves will announce the Budget at 12:30pm. Our reporters are on the scene in London today

26 November 2025 • 1 min read

At 12:30pm today (November 26), Chancellor Rachel Reeves will announce the Autumn Budget 2025 which has farmers on the edge of their seats waiting to see what she has in store for the industry.

Many have urged the Government to raise the Inheritance Tax threshold which currently sits at £1 million, so that smaller farms will not be impacted. Ministers have said, however, that no APR and BPR changes will be made, and at the recent CLA conference Farming Minister Dame Angela Eagle said, ‘we are where we are on that one and we have got to look forward', and the industry must move on.

Now farmers gather outside Westminster awaiting the announcement.

What can farmers expect from the Autumn Budget 2025?

Inheritance Tax, changes to lifetime gifting rules and the removal of Capital Gains Tax exemption on primary residences above £1.5m are all to be expected in the budget

Mia Willemsen

25 November 2025 • 4 min read

Politics

Farmer leading new IHT campaign says there is still hope of positive change

A farmer at the forefront of a new campaign to challenge the Government's changes to Inheritance Tax has said farmers should have ‘hope' that a positive outcome may still be achieved

Olivia Midgley

25 November 2025 • 3 min read