Thousands of farmers protested outside Downing Street against proposed cuts to agricultural inheritance tax and the potential reduction of farming budgets from 2026 onwards. Farmers argue that these cuts will jeopardize environmental protection efforts, sustainable food production, and the ability to protect rivers from pollution.
It comes after major farmers' protests at the Chancellor's decision to increase their inheritance tax bills
The Conservative Environment Network meanwhile warned that there is a “real risk” that farmers bear the brunt of the “economic mess”. The Chancellor has refused to rule out fresh spending cuts if necessary to meet her fiscal rule on balancing the public finances, as rising costs of government borrowing on financial markets threaten to swallow up the spare cash she kept aside in November.
Kitty Thompson, CEN’s senior nature programme manager, said “the nature-friendly farming budget is absolutely critical for increasing farmers’ resilience to flooding, bolstering our food security, reducing pollution in our water, boosting biodiversity, and tackling climate change”. Alongside sewage, agriculture is one of the leading causes of nutrient pollution in rivers. Run off from farms has been blamed for the destruction of waterways including the River Wye.
NFU deputy president David Exwood said: “The NFU has urgent questions that need answering such as whether government has the long-term, flexible budget available to deliver the Environmental Land Management scheme in England in order to help restore farmer confidence. We estimate £4bn is required to deliver the government’s commitments.
FARMING BUDGET INHERITANCE TAX ENVIRONMENTAL PROTECTION FOOD SECURITY POLLUTION
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