Taxation

Extending potentially exempt transfers (PETs) to a longer period than the current seven-year gifting rule, and a possible wealth or land tax cannot be completely ruled out

Speaking on Farmers Guardian webinar, fifth-generation mixed farmer Clare Wise Chapman said: "I cannot plan my way out of this and it is not for want of trying"

In today's Farming in Five, chief reporter Rachael Brown unpicks the Chancellor's Spring Statement after she stood firm on the family farm tax, Defra Secretary has only visited 4 farms since Labour's General Election, with his ministers for flood and nature not visiting any, and livestock farmers are being encouraged to sign up for free vet visits through the TB Advisory Service (TBAS) before the service’s funding ends

A chorus of tractor horns irked Prime Minister Sir Keir Starmer so much he went on television to tell the public the Government had a choice to either lower NHS waiting lists or give farmers a tax break

"We are calling on the Chancellor to meet and run a formal consultation, to find a solution that will protect the long-term interests of family businesses and farms and, crucially the jobs and investment they provide"

"Labour have not thought through this policy"

"For generations, farming families have served to grow food for us all. They are a service to their country and they are custodians of the countryside"

"I know this is already having a chilling effect on farming and rural businesses"