NFU Cymru stresses 'ripple' damage from tax reforms

CHANGES 'WILL BE DEVASTATING FAR BEYOND THE FARM GATE'

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NFU Cymru gathered farmers and rural businesses at Pembrokeshire County Show yesterday to emphasise the ripple effect of the UK Government's damaging inheritance tax reforms.

The union convened a meeting on the opening day of the event to highlight that while the changes to Agricultural Property Relief (APR) will devastate many farming businesses, the impacts of the policy reach much further than the farm gate. Rural companies in Pembrokeshire are also voicing their fears that a lack of industry confidence will hinder reinvestment, which will have a knock-on effect in the wider business community among firms and organisations whose income is reliant on farmers' custom with local businesses.