Kirstie Allsopp weighs into Labour farming row: TV property star claims Rachel Reeves has f***ed all farmers with inheritance tax raid
Kirstie Allsopp has accused Chancellor Rachel Reeves of leaving all farmers f***ed following her inheritance tax raid during an explosive broadside online.
Kirstie Allsopp has accused Chancellor Rachel Reeves of leaving all farmers f***ed following her inheritance tax raid during an explosive broadside online.
The furious TV presenter did not mince her words in her furious reaction to Ms Reeves £40bn tax bomb, raging she had destroyed the traditional family farm.
Reacting to the Budget, 53-year-old Ms Allsopp said: Rachel Reeves had f***ed all farmers, she has destroyed their ability to pass farms on to their children, and broken the future of all our great estates, it is an appalling decisions which shows the government has ZERO understanding of the what matters to rural voters.
It comes after Ms Reeves closed a tax loophole, making it harder for farmers to pass money down to future generations.
Previously those owning farmland benefitted from Agricultural Property Relief, meaning they were exempt from inheritance tax.
TV star Kirstie Allsopp lashed out at the Chancellor over her inheritance tax raid on farmers
Rachel Reeves revealed her maiden Budget to MPs on Wednesday, in which she announced £40billion of taxes
But now for those with farms worth more than £1million, the death tax will apply with a 50 per cent relief at an effective rate of 20 per cent from April 2026.
The rural community is up in arms over the changes to tax relief on farmland, with MPs in Britains farming heartland already being bombarded with furious letters.
One Tory with a large rural presence warned the Budget would single-handedly kill the family farm,, the Spectactor reported. While another says some constituents warned they would have to now consider selling up.
TV star Jeremy Clarkson also waded into the debate and said farmers had been shafted by Labours inheritance tax hike.
Mr Clarkson, who owns a 1,000 acre farm in the Oxfordshire, posted on X: Farmers. I know that you have been shafted today.
But please dont despair. Just look after yourselves for five short years and this shower will be gone.
Mr Clarksons comments come after he revealed earlier this month that he was days away from death and had to undergo lifesaving heart surgery after falling ill on holiday.
The 64-year-old said he began to feel clammy with tightness in his chest, and pins and needles in his left arm.
He was admitted to hospital and told by doctors he must make major changes to his lifestyle.
Jeremy Clarkson said farmers had been shafted as he broke his silence on Labours inheritance tax hike announced in the Budget on Wednesday
Chancellor Rachel Reeves said the country had voted for change and vowed to invest as she mounts one of the biggest raids in history in the Commons
The Top Gear presenter also recently opened a pub, The Farmers Dog, in Asthall, near Burford in Oxfordshire
Mr Clarkson previously said in his Sunday Times column that he liked having the farm for very good reasons, adding: There are no death duties on farmland, so my children like me have it too.
Ms Reeves, however, said in her speech that small family farms will continue to be protected from inheritance tax with three-quarters of claims unaffected.
The policy is one of a number of changes to death duty announced on Wednesday with pensions also becoming liable for tax.
From 2027, the value of pensions pots will be included in estates and caught in the net of inheritance taxes.
This means thousands of grieving families will be dragged into paying the dreaded death duty for the first time at a rate of 40 per cent.
But the National Farmers Union (NFU) said the move would spell disaster for Britains farming industry, and could threaten to drive up food prices nationwide.
Reacting to the announcements, NFU President Tom Bradshaw said: This Budget not only threatens family farms but will also make producing food more expensive.
This means more cost for farmers who simply cannot absorb it, and it will have to be borne by someone. Farmers are down to the bone and gristle, who is going to carry these costs?
Its been a bad budget for farm confidence, which is already at an all-time low. After today farmers, including tenants, have more uncertainty and more worry, not less.
When you look farmers in the eye and make them a promise, keep it. The shameless breaking of those promises on Agricultural Property Relief will snatch away much of the next generations ability to carry on producing British food, plan for the future and shepherd the environment.
Mr Clarkson bought Diddly Squat Farm in the Cotswolds back in 2008 but has managed it himself since 2019
Rachel Reeves revealed her maiden Budget to MPs on Wednesday, in which she announced £40billion of taxes
The 64-year-old has documented his radical career change on his hit Prime Video show Clarksons Farm
Speaking on BBC Radio 5 Live this morning, a potato farmer called Mark told Nicky Campbell: It was a sleepless night last night. I started farming 27 years ago... and I have no idea where to go now.
Im a third generation farmer. My next door neighbour calls us a window box farmer; were just under 500 acres... Ive worked out I will have £2million to pay. I have no idea what Ive got to do other than it will be sold and I will be the last generation which will farm it, which will be a sad state of affairs.
He added: The worst thing Ive heard is that some people have actually taken their lives before the Budget because they thought that might be the only way to save money.
Former Top Gear presenter Mr Clarkson also criticised Ms Reeves for not doing enough to help the beleaguered booze industry.
In her speech on Wednesday when she unveiled a staggering £40million tax bomb, the Chancellor cut draught duty by a meagre 1.7 per cent.
In a scathing critique, Mr Clarkson, who opened his £1million pub in the Cotswolds earlier this year, wrote on X: Rachel Reeves. I literally darent comment, before adding: We have a new government. Its turning out to be hopeless.
While Clarksons former Top Gear co-host James May lamented: Cripes: a penny off a pint of beer. This is a small step to putting the great back in to United Kingdom.
Mr Clarkson bought Diddly Squat Farm in the Cotswolds back in 2008 but has managed it himself since 2019.
The 64-year-old has documented his radical career change on his hit Prime Video show Clarksons Farm.
The show, which has already run for three series, became the streaming platforms most-watched original series in the UK last year.
