Farmer Olly Harrison has given his verdict on Labour’s latest changes to inheritance tax thresholds which have been dubbed a victory for rural communities.<\/p>\n
Ahead of Christmas, the Government announced it would lift the threshold from \u00a31million to \u00a32.5million in a festive win for farmers up and down Britain.<\/p>\n
“It’s definitely a better Christmas than we thought we were going to have,” Mr Harrison told GB News. <\/p>\n
Continuing on, he added: “I would reckon around 50 per cent of farms now have been taken out. The eye of the storm of the inheritance tax fiasco.<\/p>\n
“I would think that there’s still around 50 per cent left in. <\/p>\n
“And if you think that the top sort of 25 per cent of farms produce 75 per cent of the food, there is still a big risk to food security at the moment. <\/p>\n
“However, many upland farms and some of the smaller ones will now actually have just about break even under that threshold, which is fantastic news. <\/p>\n
“But I think there is still more to be done.”<\/p>\n
WATCH THE CLIP ABOVE FOR MORE<\/p>\n
\n Our Standards:
\n The GB News Editorial Charter<\/p>\n","protected":false},"excerpt":{"rendered":"Farmer Olly Harrison has given his verdict on Labour’s latest changes to inheritance tax thresholds which have been…\n","protected":false},"author":2,"featured_media":378356,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,106472,133,18381,44,131,132,714,18461,51247],"class_list":["post-378355","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-clips","tag-finance","tag-labour-party","tag-news","tag-personal-finance","tag-personalfinance","tag-politics","tag-uk-politics","tag-video-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/378355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=378355"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/378355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/378356"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=378355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=378355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=378355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}