05/11/24 - DEFRA Secretary on inheritance tax, Basic Payments and the National Living Wage
Anna Hill speaks to DEFRA Secretary Steve Reed about the impact of the budget on farming.
The DEFRA Secretary has defended the Government's decision to introduce inheritance tax on agricultural assets. Steve Reed tells Anna Hill the wealthiest landowners and farmers "can afford to contribute more". It comes after inheritance tax of 20% is being brought in for farms with £2 million or more of assets. Some farmers are angry - concerned it will mean that when a farmer dies, their family will have to sell some of all of their land to pay the tax.
And we visit an autumn sheep sale in Cumbria to hear why upland and hill farmers are worried about the future, despite a buoyant sheep market.
Presented by Anna Hill
Produced by Heather Simons
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Broadcast
- Tue 5 Nov 202405:45BBC Radio 4
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