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Farming confidence in Cambridgeshire hits record low over inheritance tax uncertainty, threatening investment and food security.
Farming confidence in Cambridgeshire has hit a record low due to uncertainty over last year’s inheritance tax changes, which are discouraging investment and threatening small and medium-sized farms.
The NFU warns the current policy undermines food security, rural livelihoods, and environmental stewardship, urging the government to reform taxes before the November 26 Budget.
Key demands include increasing the Annual Investment Allowance to £5 million, extending it to farm buildings, introducing low-carbon investment incentives, improving digital tax systems, maintaining reduced red diesel duty, and reconsidering vehicle tax classifications.
Without action, the NFU says the government risks eroding trust and stalling vital agricultural investment.
La confianza de los agricultores en Cambridgeshire alcanza un mínimo histórico debido a la incertidumbre del impuesto a la herencia, amenazando la inversión y la seguridad alimentaria.