00:00Thousands of UK farmers have descended on parliament to protest the Labour government's
00:05decision to increase inheritance tax.
00:09The hike was announced in last month's budget and would see the end to a tax break dating
00:13from the 1990s that exempts agricultural property from the levy.
00:18It means that from April 2026, farms worth more than £1 million will face a 20% tax
00:25when the owner dies and they are passed on to the next generation.
00:29Farmers say such an increase in tax will deal a hammer blow to family farms which are already
00:34struggling from the impact of climate change, global instability and the upheaval caused
00:39by Brexit.
00:40If the government ends farming, which is seemingly what it wants to do, where do we get our food
00:49from?
00:50But the UK's centre-left government says the vast majority of farms will not be affected
00:56and various loopholes mean a farming couple can pass on an estate worth up to £3 million
01:01tax free.
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