In a recent development, National Farmers’ Union president Tom Bradshaw has criticized Keir Starmer’s proposed reforms to agricultural inheritance tax, labeling them as “disastrous” and causing “anger, despair, and betrayal” among farmers. He highlighted the challenges faced by the farming community, including volatile costs and reduced subsidies, and called for a pause on the changes. Bradshaw also urged for policies to support environmental payments, robust food import standards, increased public procurement of British food, and a planning system favorable to farmers.
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UK suspends import tariffs to ease strain for British businesses
The UK government has suspended import tariffs on 89 products for two years, aiming to alleviate pressure on British businesses following the US's imposition of blanket tariffs. This initiative is projected to save businesses at least £17 million annually and includes a £20 billion increase in government-backed financing for exporters, allowing small firms access to loans of up to £2 million. Amid uncertainty regarding future US trade negotiations, Chancellor Rachel Reeves emphasized the UK's commitment...
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