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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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The Telegraph broke the news in London, United Kingdom on Thursday, July 24, 2025.
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