Lancashire farmer Becki Fielding said the budget was 'just another blow' to the farming industry
A farmer from Lancashire has criticised the government's budget, saying that it's 'ruining a culture'. Despite the latest setback, Becki Fielding from Lancashire says that the budget is 'just another blow' for farmers.
Speaking to the MEN's sister title LancsLive, Becki said: "It had been mentioned and there were quite a lot of rumours about it. Nobody thought they would do it quite as harshly as they did. Becki explained: "That seems like a massive, massive amount of money. But where farms are concerned, land is so expensive and that's the same here, you can't get anything for £1 million on a farm, with farms tending to be very generational.
"It means a lot of farms, just the average size farm will have to pay up to £500,000 in Inheritance Tax just so they can continue," said Becki. "People say you can get a mortgage but getting a mortgage on £500,000 is huge and the profits are so small in farming anyway that it's going to put a lot of farms in impossible situations."
Becki added: "Farmers don't get paid like normal people get paid. They're working 70-80 hours a week for far less than the minimum wage and they're doing that because they're investing in their future.The National Farmers' Union has been vocal about their opposition to the announcement. NFU President Tom Bradshaw said: "The Prime Minister’s words were warmly greeted at NFU conference.
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