Political Fix
Labour’s beef with farmers
Nov 21, 2024
Jim Pickard, a regular contributor on political affairs, Anna Gross, a political correspondent for the Financial Times, and Alec Russell, the FT's foreign editor, dive into Labour's tumultuous relationship with rural voters after proposed changes to inheritance tax. The discussion highlights the farmers' protests and their challenges, while also scrutinizing Rachel Reeves' controversial CV edits. The trio shifts gears to analyze the implications of Ukraine's recent missile strikes on Russia, revealing the complex dynamics of international support and military strategy.
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Quick takeaways
- Labour's proposed inheritance tax changes are provoking backlash from farmers, potentially jeopardizing the party's electoral support in rural areas.
- Ukraine's recent use of long-range missiles marks a critical escalation in its conflict with Russia, stirring international military support discussions.
Deep dives
Farmers' Protests Over Inheritance Tax Changes
A recent protest in Westminster drew significant attention as approximately 20,000 farmers demonstrated against proposed inheritance tax changes, marking the first time many would need to pay this tax in 40 years. The government’s compromise suggests that farmers would pay a reduced rate of 20% rather than the standard 40%, with a much higher threshold for taxation. However, farmers argue that this change is unfair, as they face multiple challenges from rising costs, extreme weather, and Brexit impacts. Critics also point out that the reform may be exploited by wealthy individuals not genuinely involved in farming.
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