Farmers have protested across the country since Rachel Reeves's tax raid in October (Image: Getty)
The government’s spending watchdog has cast doubt on how much revenue will be raised from hitting farmers with inheritance tax bills.
The Office for Budget Responsibility (OBR) dealt the latest blow to Rachel Reeves as supermarkets Lidl, Co-op and Tesco publicly called for a rethink on its tax raid.
by Taboola by Taboola
Sponsored Link Sponsored Link
Promoted Links Promoted Links
Unsold Refrigerators Given Away for Free - Check Prices!Refrigerators | Search Ads Search Now
Undo
DON'T MISS
Powered by
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Retirement savers warned pots are 'under threat' - 'watch out for these risks'
2 Comments
Farmers plot supermarket protests in fight against Labour's inheritance tax raid
36 Comments
Huge UK pub chain warns price of pint to rise by 20p as Labour's Budget tax raid bites
6 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Stealth tax raid means millions of people are set to pay more
4 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
48 Comments
Labour must learn to love the rich again to have growth
54 Comments
Meet Single Older Women Near You in SingaporeOnline Dating | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Keir Starmer faces town hall rebellions over 'unnecessary' inheritance tax raid on farmers
41 Comments
Rachel Reeves bows down to officials with hidden tax list that impacts millions of Britons
209 Comments
Senior Singles ConnectionSecretmeet Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves blamed for plummeting tractor sales after Labour's tax raid
15 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
60 Comments
How to Meet Older Women for Dating in Singapore in 2025Online Dating | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves facing more farmer fury with protests at supermarkets across Britain
17 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
3 Comments
Best Cataract Hospital in Singapore for 2025Cataract Surgery | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Remember Tiger's Ex-Wife? Try Not To Smile When You See Her NowPaperela
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
At inauguration, Melania and Barron Trump greet a limelight they once avoidedThe Straits Times
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Fresh Insights on Top Refrigerator Offers in Singapore (2025)Local Plan Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Retirement savers warned pots are 'under threat' - 'watch out for these risks'
2 Comments
Best Cataract Surgeon in Singapore (Take a look)Cataract Surgery | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Farmers plot supermarket protests in fight against Labour's inheritance tax raid
36 Comments
Huge UK pub chain warns price of pint to rise by 20p as Labour's Budget tax raid bites
6 Comments
Discover the allure of exotic women's lingerie - Click to explore!Sleepwear | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Stealth tax raid means millions of people are set to pay more
4 Comments
Lowest electricity rates and up to $158 rebates!Geneco SG Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
48 Comments
Labour must learn to love the rich again to have growth
54 Comments
Keir Starmer faces town hall rebellions over 'unnecessary' inheritance tax raid on farmers
41 Comments
Rachel Reeves bows down to officials with hidden tax list that impacts millions of Britons
209 Comments
Rachel Reeves blamed for plummeting tractor sales after Labour's tax raid
15 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
60 Comments
Rachel Reeves facing more farmer fury with protests at supermarkets across Britain
17 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
3 Comments
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Shadow Environment Secretary Victoria Atkins said: "City Steve [Reed] and the Chancellor need to wake up and face reality. They have their numbers wrong and they are seeking to destroy farming and rural communities in pursuit of such little return.
"Farmers, farming businesses and the wider food sector are coming together in an incredible display of solidarity. I commend the supermarkets who have been so vocal in their support of our farmers.
Get the latest politics news straight to your phone Join us on WhatsApp Our community members are treated to special offers, promotions, and adverts from us and our partners. You can check out at any time. Read our Privacy Policy
"It is time for the Government to listen. They must axe the Family Farm Tax and secure our nation's food supply for the future."
Sponsored
Beauty Institute Learn More
Apply "THIS" top-seller for a month! You'll be amazed looking at yourself in the mirror
Undo
by Taboola by Taboola
The Daily Express has championed calls for Ms Reeves to U-turn on her decision from October’s Budget though the
Save Britain’s Family Farms campaiaignThe Chancellor placed a 20% inheritance tax on farmers’ assets worth more than ￡1 million in her October Budget from April next year.
The OBR’s damning report said its “central estimate” is that the policy will raise ￡500million by 2029/30.
But it assigned the amount a “high uncertainty rating” because they cannot properly predict how farmers will reorganise their affairs.
It said any rise in gift-giving will “increase attrition and reduce receipts after at least a seven-year period,” effectively reducing the number of farmers who pay tax at all
It also makes clear that older farmers will find it near impossible to restructure their affairs quickly enough to not be pummelled by the tax.
NFU President Tom Bradshaw said: “This OBR report confirms what we have repeatedly warned since Budget Day; that it will be older farmers who will be hardest hit by the government’s misguided family farm tax. One minute they were advised to keep their farms until death to pass them on to the next generation, the next they’re left knowing that if they live beyond April 2026 when the measures come in, their children may have to break up or sell the farm. What an appalling position to put elderly people in.
“I outlined the terrible human impact on elderly farmers explicitly when I met the Prime Minister, and in a personal letter I wrote to Chancellor Rachel Reeves and again in front of the recent Efra Select Committee. At every stage the government has consistently ignored what we have been telling them about this abhorrent policy. Is it now going to ignore the OBR too?
“And given the OBR says it’s highly uncertain it will raise the expected amount of money either, surely it is time for ministers to accept this policy needs the proper consultation it never had?”
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
Tim Farron MP, Liberal Democrat Environment and Rural Affairs spokesman, said the report confirmed that the Government’s "misguided" family farm tax is "mired in problems and will penalise British farmers for practically no benefit".
DON'T MISS
Powered by
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Retirement savers warned pots are 'under threat' - 'watch out for these risks'
2 Comments
Farmers plot supermarket protests in fight against Labour's inheritance tax raid
36 Comments
Huge UK pub chain warns price of pint to rise by 20p as Labour's Budget tax raid bites
6 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Stealth tax raid means millions of people are set to pay more
4 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
48 Comments
Labour must learn to love the rich again to have growth
54 Comments
The Original CarCan？ $9.99 Today Only Online!CarCan Shop Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Keir Starmer faces town hall rebellions over 'unnecessary' inheritance tax raid on farmers
41 Comments
Rachel Reeves bows down to officials with hidden tax list that impacts millions of Britons
209 Comments
18 Unbelievable Ocean Liners in the WorldLovemyfamilymag.com Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves blamed for plummeting tractor sales after Labour's tax raid
15 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
60 Comments
Symptoms of Hand Osteoarthritis: Warning Signs Not to IgnorePsoriatic Arthritis Treatment | Search Ads Search Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves facing more farmer fury with protests at supermarkets across Britain
17 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
3 Comments
She Was Everyone's Dream Girl In 90's, This Is Her Recently.Investructor
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Woman Lavished All Her Savings On This Motorhome, Take A Look Inside!Little Fries
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
The Best Anti-Aging Creams 2023: The Ranking Will Surprise YouAnti Aging | Search Ads
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Singapore: New one bedroom senior apartments are stunning! (take a look)？www.senior-living-10818.bond Click Here
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Retirement savers warned pots are 'under threat' - 'watch out for these risks'
2 Comments
This from Watsons works wonders for men's hair!Hair’s Rich Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Farmers plot supermarket protests in fight against Labour's inheritance tax raid
36 Comments
Huge UK pub chain warns price of pint to rise by 20p as Labour's Budget tax raid bites
6 Comments
The Best Anti-Aging And Facelift Creams 2023-2024: The Ranking Will Surprise YouAnti Aging | Search Ads
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Stealth tax raid means millions of people are set to pay more
4 Comments
Affordable Dental Implants in Singapore: Best Offers for 2025Local Plan Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
48 Comments
Labour must learn to love the rich again to have growth
54 Comments
Keir Starmer faces town hall rebellions over 'unnecessary' inheritance tax raid on farmers
41 Comments
Rachel Reeves bows down to officials with hidden tax list that impacts millions of Britons
209 Comments
Rachel Reeves blamed for plummeting tractor sales after Labour's tax raid
15 Comments
Rachel Reeves's inheritance tax raid 'risks my family's future', worried farmer warns
60 Comments
Rachel Reeves facing more farmer fury with protests at supermarkets across Britain
17 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
3 Comments
Meet the man who'll replace Rachel Reeves - and his fanatical plans to hike YOUR taxes
685 Comments
Rachel Reeves budget dealt another blow as supermarket giant stands by British farmers
45 Comments
Inheritance tax warning as Rachel Reeves' move could add to staggering probate delays
4 Comments
Clarkson's Farm shares breaking news announcement as inheritance tax fight continues
10 Comments
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
45 Comments
Labour to hit 2.5 million people with sneaky tax hike
269 Comments
Fraudsters' cash will be taken straight out of bank accounts
54 Comments
Japanese Special hair-growth method. Hair grows too fastHair’s Rich
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Old Woman Lives in a Shed - Don't Cry When You See InsideTips and Tricks
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Cardiologists Reveal: This Simple Teaspoon Trick Can Help Slim Your WaistHealth Wellness Journal
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Dating for Senior SinglesYoumetalks
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
He added: “It is deeply concerning that older farmers will be hit hardest from this tax, with the rug pulled from under them before they can change their plans. And with tax revenue expected to be highly uncertain and unstable for two decades, the Chancellor’s excuses simply don’t stack up.”
Mo Metcalf-Fisher, director of external affairs at the Countryside Alliance, said: “Tesco, Lidl and Co-op, like many other businesses, understand that they benefit from a buoyant family farming sector, something the Treasury’s tax hike threatens to completely undermine. It is becoming almost impossible to find anyone that supports this policy, yet Rachel Reeves refuses to consult relevant rural stakeholders to find a way forward out of the unnecessary fall out created by her department. If the government wants to avoid a long-running battle with countryside, they need to rethink this policy urgently.”