"I was one of those Labour candidates who reassured farmers that APR would not be touched,"
"I want to be able to walk around my community knowing I did all I could for them. I cannot break my word."
""devastating""
""wealthy land barons""
Labour suspended Markus Campbell-Savours after he voted against inheritance tax changes affecting farmers. He was the only Labour MP to oppose the measure as the Budget resolutions passed 327 to 182. More than 80 Labour MPs abstained, reflecting widespread discomfort. The reforms impose a 20 percent tax on agricultural land and businesses valued over £1 million and alter agricultural property relief (APR). Campbell-Savours warned elderly farmers arranging transfers now face "devastating" consequences and said he could not break prior reassurances. Farming organisations and rural MPs argued the changes hit small family farms, not wealthy landowners.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]