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Labour MPs Rebel Against Inheritance Tax on Farms

12/3/2025

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Story summary
  • Chancellor Rachel Reeves faced a rebellion by rural Labour MPs over a proposed 20% inheritance tax on farm estates valued above £1 million.
  • During the Commons budget debate, Labour backbenchers called for reversing the tax.
  • Farmers protested, fearing financial ruin.
  • The government won the vote 327-182.
  • Labour MPs acknowledged a loss of trust among farmers and urged support and respect.