6,000 farms reportedly close following implementation of new agricultural levy under Rachel Reeves's policy
- Over 6,365 agricultural businesses have closed, the highest number since 2017, according to data from the Office for National Statistics .
- The closures represent a net loss of 3,175 businesses in the sector, attributed to the reduction of inheritance tax relief for family farms.
- James Grindal stated that the tax policy impacts investment plans for family farms, alongside challenges from poor weather and rising costs.
- Victoria Atkins claims that Labour's tax policies are causing job instability and damaging generational businesses.
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Total News Sources8
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
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