I have a friend who is an arable farmer in the south of England. She is desperately upset and angry about the budget.
She says that it isn't only the IHT, Labour also imposed a carbon tax on fertiliser at £50 a tonne, and cancelled a large chunk of grant to farmers that had been pre-promised for next year's budget. It was intended to allow farmers to sell below the cost of production, to keep food prices down. Plus obviously the rise in NI.
She says it feels like the govt has declared war on farmers. That no farm will invest in a new barn or a new grain dryer or a new tractor now, everyone will be trying to keep the value of farms down. Lack of investment is suicidal for any industry.
The minister for DEFRA is the MP for Streatham ! Like he knows anything at all about farming.
What kind of govt brings in a policy that results in the NFU having to set up a suicide watch.