Major UK supermarkets oppose Starmer's proposed tractor tax on family farms
independent.co.uk — February 5, 2025, 06:01 PM UTC
Major British supermarkets, including Tesco, Sainsbury’s, and Morrisons, have united against Sir Keir Starmer's proposed tax on family farms. They warn this tax could threaten food supply chains and the stability of the farming industry. The National Farmers Union organized a letter signed by 57 businesses, criticizing the end of inheritance tax exemptions for farms valued over £1 million. Critics argue this policy could force family farmers to sell their land, impacting rural communities. The government claims only 28% of family farms will be affected, but some estimates suggest it could be as high as 66%. The Treasury maintains that the tax reform is fair, while opponents call for alternative solutions to protect family farms.