'Small concession' for family farms in Budget says FUW

...BUT INHERITANCE TAX REFORMS 'STILL DEEPLY DISAPPOINTING'

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FUW president Ian Rickman gives his response to yesterday's Budget outside HM Treasury

THE President of the Farmers’ Union of Wales (FUW), Ian Rickman, has responded to yesterday's UK Budget, which the union believes offers a partial but insufficient adjustment to the government’s damaging reforms to inheritance tax (IHT).

‘The FUW has repeatedly warned that the reforms, due to come into force next April, represent an existential long-term threat to Welsh family farms and the wider rural economy.

‘Throughout the year, the union has undertaken extensive lobbying efforts, meeting with a wide range of MPs, Treasury officials, and other key decision-makers to press the case for protecting family farms.