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Tesco: Tractor tax risks our food security
Daily Express
|January 23, 2025
TESCO has urged Rachel Reeves to "pause" her £500million tax raid on family farms, warning that "the UK's future food security is at stake".
The biggest supermarket joined Aldi, Lidl, Morrisons and Asda in opposing the Chancellor's decision to make farms liable for inheritance tax.
Ashwin Prasad, Tesco's chief commercial officer, said: "Farmers desperately need more certainty. After years of policy change, it has been harder than ever for them to plan ahead or to invest in their farms."
He wrote on its website: "We'll be supporting the National Farmers' Union's calls for a pause in the implementation of the policy, while a full consultation is carried out."
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