UK FAMILY FARMS UNDER THREAT
The Highwire with Del Bigtree
The Highwire with Del Bigtree
4.9 • 3.4K Ratings
🗓️ 20 November 2024
⏱️ 9 minutes
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| 0:00.0 | Right now, there's this push poll with another area of really interest that was in the election |
| 0:07.6 | was the net zero, the climate change, the green energy transition. |
| 0:12.0 | And just recently, just a couple days ago, we heard that Trump has picked Lee Zeldon of |
| 0:16.9 | New York to run the EPA. |
| 0:19.4 | That's going to be interesting pick when you look through his background. |
| 0:22.5 | He's not someone that is pro net zero. So we'll see how that works. But we're seeing these push |
| 0:27.1 | and polls. In the UK, they're having some really big issues there, particularly with their |
| 0:32.4 | farmers. In 2022, the UK government actually offered to buy out farmers. This is at a time when food |
| 0:40.2 | insecurity is at an all-time high. People have a hard time affording groceries. Good food is hard to |
| 0:45.5 | come by. And this was the document actually right here from the UK Department for Environment, |
| 0:50.4 | Food and Rural Affairs. They called it a direct payment to farmers. This was |
| 0:54.6 | an exit scheme to get them out of farming. Farmers that wanted to go, they would get this big |
| 0:59.2 | lump sum of money to just stop farming. And I don't know if in the population there is going |
| 1:06.4 | up because there is a lot of immigration and migration to the UK and to Europe in general. So it seems like |
| 1:11.6 | kind of a ridiculous plan to slow down food. But it may not have worked because what's happening now |
| 1:17.6 | is you're getting what's called a farm tax. And this is one of the headlines here. Jeremy Clarkston. |
| 1:24.3 | Now, Jeremy Clarkson has one of the top prime video original series called Clarkston's |
| 1:29.9 | farm, and that's in the UK. He's very popular. Jeremy Clarkston accuses labor of shafting farmers |
| 1:36.3 | in inheritance tax raid. It says under the current rules, families can inherit businesses and farmland |
| 1:42.3 | assets of any value without paying inheritance tax. |
| 1:45.6 | But from April 2026, only assets up to one million pounds will be tax free with assets above |
| 1:52.7 | this threshold qualifying for 50% tax relief, resulting in an effective 20% tax charge. |
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