We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Atmosphere Secretary Steve Reed apologises to farmers for tax ‘shock’
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Politics > Atmosphere Secretary Steve Reed apologises to farmers for tax ‘shock’
Politics

Atmosphere Secretary Steve Reed apologises to farmers for tax ‘shock’

By Editorial Board Published January 9, 2025 4 Min Read
Share
Atmosphere Secretary Steve Reed apologises to farmers for tax ‘shock’

Atmosphere Secretary Steve Reed has apologised for the “shock” suffered by farmers after the federal government upped taxes on farms.

Ministers are battling backlash from farmers over numerous measures introduced in final yr’s funds, together with introducing inheritance tax for agricultural companies value greater than £1m, and a quicker phaseout of EU-era subsidies in favour of environmental funds.

In an try and reset relations with the sector, the surroundings secretary earlier apologised for the impression of the adjustments, as he set out plans to attempt to get money flowing to farms.

“We were shocked by the size of the financial black hole we were left to fill, and I’m sorry that some of the action we had to take, shocked you, in turn,” he stated in a speech on the Oxford Farming Convention.

At occasions, he was drowned out by the sound of round 30 tractors in a protest outdoors.

A small group of farmers honked horns and blared the tune of ‘The Ultimate Countdown’ – warning the tax adjustments meant the tip of the highway for some farms.

Picture:
Steve Reed tried to reset relations with the sector after final yr’s funds upset farmers. Pic: OFC

However Mr Reed denied that upping inheritance tax would power some farms to promote up.

“No, I don’t accept that,” he informed journalists after his speech.

“I recognise that’s how they feel,” however farms have been already going bust beneath the earlier authorities, he stated. “It’s nothing to do with inheritance tax. It’s because the sector isn’t profitable.”

However he admitted there can be some “fallout along the way”, with the reforms not kicking in till 2026.

Farmers are additionally reeling from an onslaught of moist climate that has ruined crops, delayed funds for environmental schemes, poor income from grocery store gross sales and post-Brexit commerce issues.

In his speech, he had set out new measures to attempt to deliver the sector “back into profitability”.

These included serving to farmers to promote their extra solar energy to the grid, making it simpler to construct barns and different infrastructure to spice up meals manufacturing, and ultimately growing the quantity of British produce purchased by the general public sector.

Please use Chrome browser for a extra accessible video participant

Sky filmed the Bowers and their farm through the seasons

24:35

The Final Straw: A yr on a farm

Tom Bradshaw, president of the NFU farming foyer group, stated the apology “resonated”.

“It’s the first time we’ve heard anything like that, a recognition that there needed to be any apology at all.

“However the actual fact that we then go on to speak about diversification suggests that they are lacking the purpose that meals manufacturing itself must be worthwhile.”

He welcomed some of today’s announcements but said it would take years for the benefits to kick in, when the sector is “on a knife edge” today.

They are calling for a consultation on the inheritance tax changes, faster payments for environmental schemes and “fairer functioning markets”.

He agreed no farms have been going bust right now due to the funds, however that would change as soon as the coverage takes impact subsequent yr.

TAGGED:apologisesEnvironmentFarmersReedSecretaryshockSteveTax
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

USC athletics eliminates a dozen jobs because it manages new income sharing bills

USC athletics eliminates a dozen jobs because it manages new income sharing bills

Sports
July 9, 2025
Selena Gomez’s Bandana Nails Are Summer season’s Should-Have Mani

Selena Gomez’s Bandana Nails Are Summer season’s Should-Have Mani

Nail artwork expectations are all the time excessive come summer season. The season recognized for…

July 9, 2025
MSU places their emergency preparedness to the take a look at

MSU places their emergency preparedness to the take a look at

EAST LANSING, Mich. (WLNS) -- Michigan State College Police had been joined by different companies…

July 8, 2025
Yoshinobu Yamamoto and the Dodgers cruise previous the White Sox

Yoshinobu Yamamoto and the Dodgers cruise previous the White Sox

For the Chicago White Sox, it was not a query of whether or not Shane…

July 8, 2025
IDF presence in Gaza ‘solely difficulty’ nonetheless to be resolved in push for Israel-Hamas ceasefire, Sky Information understands

IDF presence in Gaza ‘solely difficulty’ nonetheless to be resolved in push for Israel-Hamas ceasefire, Sky Information understands

Just one difficulty stays unresolved within the push to attain a ceasefire in Gaza, in…

July 8, 2025

YOU MAY ALSO LIKE

Can PM flip diplomatic work with Macron into concrete motion on migration?

Emmanuel Macron addressing parliament within the Palace of Westminster's Royal Gallery was a extremely anticipated second within the lengthy historical…

Politics
July 8, 2025

Norman Tebbit: Thatcher’s true believer was a bruiser till the very finish

Norman Tebbit was one in every of Margaret Thatcher's true believers and one in every of her most loyal allies.In…

Politics
July 8, 2025

UN criticises Starmer’s welfare reforms and warns measures will ‘enhance poverty charges’

A UN committee on incapacity rights has criticised the UK authorities's welfare reforms, saying they may "increase poverty rates". In an…

Politics
July 8, 2025

UK and France have ‘shared accountability’ to sort out unlawful migration, Emmanuel Macron says

Emmanuel Macron has stated the UK and France have a "shared responsibility" to sort out the "burden" of unlawful migration,…

Politics
July 8, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?