31/10/2024 - The Budget: inheritance tax will apply to farms from April 2026

Farming Today

We look at how the Budget affects agriculture and farming businesses. Inheritance tax will apply to farms from April 2026. The National Farmers' Union tells us farming is being "bled dry" and has "nothing left to give". The Minister for Food Security and Rural Affairs, Daniel Zeichner, has confirmed that next year's farming budget for England remains unchanged at £2.4 billion. There was no mention of nature in the Chancellor's budget speech, something the Wildlife Trusts highlighted, saying "The UK Government must commit to long-term strategic funding for nature’s recovery and provide greater funding for environmental regulators".

Presented by Charlotte Smith and produced by Beatrice Fenton.