Rachel Reeves’s plans for a “family farm tax” have faced opposition from supermarket giants Tesco, Lidl, and the Co-Op, who are urging her to halt the policy due to concerns over food security and economic sustainability. Additionally, a report by the OBR suggests the policy may not generate as much revenue as expected, leading to uncertainties and potential tax planning by families to avoid the charge. With pressure mounting, Ms. Reeves is under scrutiny to reconsider the controversial tax raid that could have detrimental effects on family farms in England.
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Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
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