Current Affairs The Labour Party

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Absolutely rinsed him


Absolutely grim fella. Starts off with a sarcastic “Oh, classic BBC” cos he didn’t like the question. Then when faced with the fact of what he said about the matter, claims he was lying because he “wanted to shoot”, with another lame dig at the journalist asking questions. Then says he’ll basically just avoid the tax by putting it in a trust, and that other workers should be sacked to pay for services so he doesn’t have to pay any more tax.

And we’re supposed to be on the side of this guy?
 
It gets worse. That chancer Farage is there too, dressed up for the London streets.

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Conveniently forgetting how much brexit screwed over farmers the disgusting weasel. He should be booted out the country.
 
Can anybody explain in simple terms what the farmers case is to be treated different than the rest of the population?
It’s designed to stop a tax loop hole, where investors / big companies buy up farmland due to the tax benefits and it’s caught a load of genuine farmers in the tax drag net.
I've heard similar to @COYBL25

Now I am far from an expert, yet as I've mentioned previously my maternal side of the family came from a farming background - not farm owners, but involved.

The way it has been explained to me is that the underlying issue is that the £1m threshold is not a true representation of the value vs cost of a farm and whatnot.

When you factor in the land cost, the NFU believes DEFRA figures think 50%+ of farms will easily fall into the tax band, so it's where you then get that money from.

The book price of a flock of 250 sheep or herd of cows (average size) can easily reach £200,000+, but that is not what they are worth in their true value.

If farms have to start selling off their land or reduce their herds (if dairy/sheep farmers etc.) to pay the bill, all they're doing is open up to larger farming groups.

Farming is not a big profit industry at all, so for small holdings it will be their death knell to have reduced yields generation on generation.
 
I've heard similar to @COYBL25

Now I am far from an expert, yet as I've mentioned previously my maternal side of the family came from a farming background - not farm owners, but involved.

The way it has been explained to me is that the underlying issue is that the £1m threshold is not a true representation of the value vs cost of a farm and whatnot.

When you factor in the land cost, the NFU believes DEFRA figures think 50%+ of farms will easily fall into the tax band, so it's where you then get that money from.

The book price of a flock of 250 sheep or herd of cows (average size) can easily reach £200,000+, but that is not what they are worth in their true value.

If farms have to start selling off their land or reduce their herds (if dairy/sheep farmers etc.) to pay the bill, all they're doing is open up to larger farming groups.

Farming is not a big profit industry at all, so for small holdings it will be their death knell.

Or the land gets sold for housing. as it’s worth a lot more than arable land.

You only have to look at Halewood Village / Cronton and Formby to see this happening.

Halewood / Netherley and Cronton will become one big estate the way things are going.
 
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