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'Future of food security in Reeves' hands': MPs on farming committee call on govt to delay family farm tax
The UK's food security and the future of farming lies in Rachel Reeves' hands, a leading MP has said as a committee called on the government to delay farm inheritance tax changes.
The environment, food and rural affairs (EFRA) committee has released a report calling on the government to delay the reforms for a year until April 2027. Chancellor Rachel Reeves announced in the October budget farmers would no longer be allowed to claim inheritance tax relief for farms worth more than £1m from April 2026.
The move prompted multiple protests in Westminster by farmers who said it will threaten the future of thousands of multi-generational family farms. The EFRA committee, made up of seven Labour MPs and four Lib Dem and Tory MPs, said a pause in the implementation would "allow for better formulation of tax policy and provide the government with an opportunity to convey a positive long-term vision for farming".
A delay would also protect vulnerable farmers who would have "more time to seek appropriate professional advice.
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