budget

Farmers and rural businesses are rightly up in arms following the Budget, in which valuable Inheritance Tax reliefs for agricultural and business assets were decimated

Minister urges industry to 'look behind the headlines' as he insists 73% of farmers will not be affected by tax changes

Sarah Baker, AHDB head of economics, said: "These changes may encourage farmers to think about succession earlier than they would otherwise. For example, there is a seven-year rule which applies in the case of land transfers. This means that any land gifted to an individual will be free of inheritance tax after seven years."

NFYFC's YFC agri chair Luke Cox said the proposed tax and wage changes 'threaten the continuity and viability of farm farms and rural diversification businesses'

Industry experts start to unpick what the changes to Inheritance Tax (IHT) reliefs mean for the farming sector

The announcement of 11 new green hydrogen generation projects puts weight behind the fuel source as a direct diesel replacement

AHDB economics and analysis director David Eudall warned the industry was at a 'tipping point of how effective the Budget can be' in balancing food security, supporting farm efficiency, and delivering environmental benefits

The Farmers Guardian news team give their analysis of the Chancellor's Budget