Actually, if you research it, you will find that farmers voted only marginally above national average with regards to brexit. The big farmers had all these posters, and it was impressive beause they have a lot of land, but each one only had one vote, all the same...Then considereing that farmers are only a very small percentage of the population, it was not enough to get Brexit over the line, even with the fishermen's vote as these are a tiny fraction.
@@pault1289 Yeah, he looked like an average bloke a politician could sit down with and explain why they are doing and what they are doing. But the first guy is... Just by look you know he is a Tory member
The irony is that these blokes say the farmland will be end up being bought by multinationals and billionaires if they sell it - that's exactly what the inheritance tax break has led to, as the return on investment for such land has gone through the roof over the past twenty years. Taxing it properly will stop it being so attractive to vulture capitalists, and could actually be the saviour of small scale farming in the UK in the long term - I'm so glad Labour are being brave about this and I hope they stick to their guns.
Now that's a take I haven't seen yet, and good one If anyone could reply with any sources or literature on how this can benefit small scale farming, that would be awesome!
Well he should sign it over to them now and he will be ok ,if thetvwant to sell its up to them. Though we keep being told the lands been in the families for generations so the decision is thei4s@alfsmith4936
He's right Jeremy Clarkson did show how farms work. You sell your farm to some rich person who wants to avoid inheritance. Where instead Labour want farms to be handed down sooner, run by the next generation, a generation that is more willing to try new stuff, rather than stagnate with some old person trying to avoid inheritance tax...
@@phil2544 is anyone really pro paying tax? I've met people from all walks of life and every single one I'd say would legally try to pay as little tax as possible. You're making out the farmers owe the country something because they've been legally allowed to not pay the IHT over the years when that was just the rules, operating within the rules is legal last time I checked so they actually don't owe the country a thing.
@@chester6343 Yes I'm definitely pro paying tax. I like living in a country where everyone is doing well not just myself. Some of us have the capacity to look outside our own blinkered remit and instead find satisfaction when everyone else is also happy and getting along as they should in life with minimal stresses. You only have to look at the US to see a completely divided society where the homeless, drug addicted or debt ridden literally line the streets as you walk down them - who the fuck wants that?
""Brexit wasn't implemented the way it should have been" that's the standard Brexiter's excuse and you can be sure they'll stick to it because they won't admit they got it so very wrong.
Farmers can and should pay the same rate of tax as everyone else. These ultra wealthy corporations and people buying land so they can avoid paying tax. I won’t be losing any sleep about farmers.
Me neither. While farmers get a £1million tax-free allowance with only 20% IHT to be paid on anything above that and a whopping 10 years to pay it, the majority of people have a £325k allowance then 40% to pay within 6 months.
"can and should" lol sorry but you obviously don't have a clue mate. I agree that the ultra wealthy corporations and individuals shouldn't be using it as a tax loop, but trust me you will be losing sleep about it when your children don't have a food security in the coming decades.
@@donincognito189 inheriting a house or cash is quite different to inheriting farm land at an over inflated price. So many farms will be in the millions of pounds worth of value with all their business assets on top and you want people to pay even more than 20% on something that barely yields a 1% return in the first place. The majority of farmers earn fuck all, enough to keep the farm going and not much else besides for probably the hardest and most dangerous job in the country.
@@GeorgeOhYesPlease A lot of people in the UK earn fuck all but they would still have to pay 40% IHT if they inherited a house from their parents worth more than £325k. As for your argument about food security, the UK imports nearly half of the food it eats so I'm afraid that ship has already sailed.
You may find sleep hard to come by in the early stages of starvation. That is if toxic imported food has not solved your problem of continued existance.
"It wasn't implemented how it should have been implemented"...I don't think I've met someone who can actually articulate how they think Brexit should have been implemented without sounding silly.
@@NeonVisual We left our biggest trading partner where we had tarriff free exports.. we are now chasing the American trade deal , the trade deal that was so bad before brexit it got laughed at by everyone excepte the Americans who were forcing it, Now we are begging for an even worse deal and the Americans are holding out until we are on our knees so they can take everything, that was ther brexit plan and thats how its going , nothing to do with "remoaners" People who voted for it listen to too much corporate media and end up acting against their own self interest.
Starmer government. It has finally taken aim at one of the biggest tax dodges in Britain today - a loophole that lets the ultra-wealthy stash their fortunes under the guise of farming. I'm looking at you, Jeremy Clarkson, and others of your ilk. Originally, I'm a country boy who grew up in rural South Dorset and whose own family counted pig, dairy and beef farmers among their number. And I say, it's about time Britain closed down this scam, and I'll tell you exactly why this move is a win for fairness, working people, for farmers themselves, and for the future of public services.
The guy said: "it is not great, my own car is 16 years old!" I looked to the left, looked to the right. That's the damn average for cars in Hungary and we haven't starved to death... Also those tractors, those are damn expensive. You don't need to buy the newest one every 4 years...
@@humorpalanta I guess the tractors would be bought from substitutes still from the time of the EU.. people forget many things.. The EU was giving substitutes to them. Now they aren't receiving it. As far as I know..I can be wrong.
Machinery is nearly all financed, lease hired or just ancient, its not bought from subsidies, they have all but gone and will be phased out completely by 2027 iirc. No bad thing for public perception, it was never put across well that the subsidies supposedly subsidised food for the public. I say supposedly as it came out of the taxpayers pocket and went back into the other one minus the public sector wastage. 12bn went in, 4bn subsidised British food.
So what do you recommend they do with that farm ? sell it to a multi national corporation or a foreign billionaire in order to pay the tax. Then what do we do in the coming years for food ?
@ I want people to pay their taxes. They don’t even have to pay their fair share they pay half of what everyone else does, have a much higher allowance and have ten years to do it!!! Pass the farm on sooner so you meet the seven year waiting period. If they want to make more money take it up with the suppliers it’s not the government’s fault that they get shit on by their suppliers. They also voted away their subsidies and cheap labour like morons. So no I have no fucks to give for them.
The farm could be worth millions but only making a profit of 30-40k and then asking to pay 100,000's in IHT. It will affect a lot of small and medium size farms not just rich. Go after the mega rich tax dodgers not honest working families.
BREXIT STOPPED ANOTHER 5,7 MILLION EASTERN EUROPEANS & EUROPE FROM COMING TO THE UK 4 BILLION IN EASTERN EUROPEAN BENEFITS THOUSANDS IN JAIL 890,000 BABIES BORN FUNNY HOW THE WORLD ISN'T IN THE EU BUT I CAN BUY A 4 POUND BOTTLE OF WINE FROM AUSTRALIA OR NZ LAMBS & OTHER THINGS MY APPLES ARE ENGLISH MY POTATOES ARE ENGLISH MY MEAT IS FROM ENGLAND MILK BREAD ETC
They were fine for other industries to suffer at the promise they wouldn't with Brexit, perhaps this is just karma catching up. Also If they owed 2 million pounds, that means the farm was worth 13 million pounds. 11 million pounds for the next generation
They're so close to the mark yet still miss it completely. They should be directing their protest to the huge inflated prices that supermarkets charge while buying food at a bare minimum from the farmers. Also very interesting to see that blocking roads as a farmer has zero consequences, while blocking roads to protest lack of climate action gets you a longer sentence than a SA perpetrator.
The conspiracy theorist gave the game away , brought a tractor for 1 million and needs to pay it back in 5 years. So to have a debt of a 1 million on inheritance tax your farm would be worth probably 8 million, you can pay that over 10 years with no interest. Yet you can afford a loan for a tractor whilst paying interest and pay that back in 5 years.
All these farmers complaining they face 20% inheritance tax should sell their farms and buy a house and pay 40% inheritance tax instead. I might sell my house and buy a farm.
The thing is, it´s actually not even that. So the threshold for farms is higher, it´s for anything over 1,000,000 pounds. There are also other things that raise the threshold, i.e if the farm is being used as a child´s main residence that raises it 325,000 pounds, so 1,300,000. Also, if the farm is owned by a couple, I believe the rate is twice that, more like 2,600,000.
What has this got to do with Brexit? The description on the video is misleading. This is about the Inheritance Tax Grab that Rachel from Accounts has forced via her budget.
@@davidf8749 by leaving the EU, the UK lost the farming subsidies, it's become harder to export and import with the EU. We're now 40bn worse off a year directly because of brexit and the working people have had to paid more time after time after time. It's time for the rich to pay more
Since their last protest many farmers have consulted with their accountants to be told that with a bit of tweaking they'll not be paying inheritance tax. Hence, not so many farmers protesting this time round.
What is it about "asset rich but cash poor" you don't understand? Do you think farmers fed up of low income should just sell up? That they shouldn't hand their farms on to the next generation? When you say "stuff the farmers" you might as well also say "stuff national food production" and "stuff the villages". Let's have everyone move into London instead and import frozen fruit and veg from abroad 🙃
"Asset-rich and cash-poor" means that the asset is overvalued. Why is the asset overvalued? Well, it isn't, once you consider its value as a way for the super rich to avoid inheritance tax. Close the tax loophole, and the price of land will come crashing down. Cash-poor farmers will become asset-poor again, and won't have to pay. Hell, the best farmers would even be able to expand their farms so that best practice can spread!
@@a.brekkan4965where are these farmer jobs? I’m serious? I don’t see many advertise and while I see the odd one sometimes they all generally say you need to be able to have your own transport because no public transport available?
“The civil service scuppered a good brexit because they want to work from home and my sheep won’t let me work from home.” Sell your farm and get an office job guy. Is Trump giving lessons in public speaking? Is education in rural areas worse or does the whole system need a major overhaul. This is embarrassing.
These people actually produce the food we need to live so why are you looking down on them!!! If it were not for food grown the rest of society like those stupid office people that commute to the cities would collapse and start dying!! It is the same with doctors and nurses we need them when we get sick!! Farmers are more important in some ways, they are literally the basic of society, making money is unless without the production of food to live which the farmers produce and if they are not going to do who will, farmers abroad!!
@@nicenac (apologies to @visitforthemusic if this is out of turn but...) they are not looking down on them, what they are doing is employing humour and modern vernacular to rugpull the crybaby nonsense from these people's mouths shown in the video. This is about as British as it gets, culturally. And we can all agree how important farming is to the nation - we can all agree on that. Inheritance is for personal chattels, not million pound industries. Do you have the same indignation at the offhand and frivolous nature the farmers conduct their continuity planning? I think its a fucking outrage myself. Find it difficult to think of another industry that is allowed to conduct itself as if it were 1215AD.
60% of British farmers supported Brexit. You have been hit by less revenue (OBR states 4% hit on UK economy, as a result of Brexit)= £40 billion loss per annum. You can't have it every way. Pay your taxes.
@@alphamikeomega5728 This is a *projection* about the *possible* loss of *growth* in GDP over *15 YEARS* based upon a *static model.* It is *NOT* a real value. It is a *speculation* and to present it as a current "fact" is a gross abuse.
Someone should do a background check, cos no doubt the "party" (is it still just a company or have they sorted that yet?) hasn't had the time - could come back to bite their asses yet again. The thumbnail looks like John Craven. Craven, yep - that's about right. Own your choices, dude - squirming and wriggling like a spoilt child - and run your business properly, not like some medieval feudal toy, this is the engine of the nation, ffs.
@alfsmith4936 I don't disagree, but we aren't the US, it is not a given. Identifying and highlighting these goons is still important and necessary. It isn't for them, it is for us.
In 1994 when the inheritance tax reliefs were introduced they failed to improve the farming outcomes. We now produce less of the food we consume and the cost of land has gone up hugely. The tax changes are not bad in themselves but they were clumsily introduced. With 50% of land owned by 1% of the population we do need land reform.
The first guy really looks like a farmer. And by "farmer" I mean "stock broker who retired and bought some land". Anybody know his name? Would like to check his CV, how many companies he owns, how much profit they make...
This is why I can’t take the farmers seriously. This guy would do anything not to criticise his beloved Conservatives or admit that Brexit was an unmitigated disaster. Weak people
Because if you stop selling to the supermarket they will just buy in from abroad. The thing is with farming you can't just turn it off wait for the price to improve then start again.
You’ll be fine if you lose your farms, according to your angry right wing mates you soon be on £50k benefits, a free house and flat screen tv’s, It’s luxury apparently.
Just a bunch of poorly informed people, moaning about either having to pay tax (like the rest of us) or complaining about other issues that aren't relevant.
Admit you were gullible and believed Brexit was going to make you richer and it didnt. Just admit it for once that you and the rest of the sheep believed grifters and you played right into their hands.
Indeed. I used to know a farmer who would complain about how poor they were, then hop into their brand new landrover to get some groceries from Waitrose. They have no idea what it’s like to actually live in poverty.
There definitely are, but they won't be affected by the tax change or out protesting. My grandad was a farmer and grew up in a family where he was the oldest of 8 kids (making him lucky enough to inherit the farm). They didn't have central heating or an indoor toilet and pretty much worked from dawn until dusk. Even that wasn't enough to make ends meet so he had to do contracting work (towing stuff with his tractor, tending to people's fields etc) for the richer types of farmers you see in the video. It ended up killing him because one day he was towing a wealthier farmer's trailer up a steep hill to earn a bit of extra money and his tractor blew over in the wind. He got glass and other debris in his face and not long after died of a heart attack. It's not an easy life by any stretch of the imagination unless you are a rich landowner with a massive estate.
I have no sympathy for farmers. Fools, the lot of them. They overwhelmingly voted for Brexit, and ended subsidies and access to cheap labour. Sot themselves in the foot. Now they are protesting inheritance tax without bothering to find out how it works and how it targets wealthy landowners more than it does actual farmers.
Although it is designed to target wealthy land owners it's going to get a lot of smaller farms. The ROI on ag isn't high enough to service the tax if you're making your money from the land. Something has to be done to stop investment funds buying up ag land but this is going to hurt a lot of farms
WTF!! is he talking about ; Brexit was a good idea, but it shouldnt have been implemented the way it was implemented. what does that even mean? You vote to leave, you leave.. end of story
Farming has been insolvent in the UK for decades. Propped up by the CAP and BPS payments since the 50s, then sold down the river on Brexit. Only industry in the UK being kept alive by subsidies and tax loopholes.
Just don´t want to pay taxes, plus no subsidies. Maybe mister Farage should fund subsidies from all the donations. People voted for rich people like Boris and Nigel so don´t know what they are expecting. Ask Mr Dyson why does he own the most farming land in UK after he moved his business to Singapore?
Can we all just take a quiet smug moment as these idiots finally realise that the brexit they voted for has shafted them in exactly the way they were told it would?
Brexit has been devastation for farmers : Loss of EU subsidies: 90% of their annual income for some farms Increased input costs Reduced workforce: shortage of EU workers Higher supply chain costs: Desperate Trade deals with cheaper Australia and New Zealand
Everyone else has to pay their taxes? And the steel, mining and car industries were shut because the tories said they should have to compete? To provide a better service to the consumer? Why should the farming industry be any different to the rest they have been protected for years and laughed as other industries closed unable to compete against foreign imports and and subsidies from other governments? All farmers plead poverty🤷♂️ I never knew a poor one comparable to other people yet?
Come on “Politics Joe”, do some investigative journalism . I want to know who the first interviewee is. He is too smooth to be a “farmer”. He strikes me as a plant.
Nobody has a crystal ball, the EU is hardly thriving, if every farmer voted remain we would still have had brexit anyway so how exactly is brexit pinned on farmers?
As property, the lands worth a lot for interitance tax dodgers (see also j clarksons previous comments) for for farmer as farming its worth sweet fa. Valued as farm land none of these farmers will pay the tax. Thier issue is with the supermarkets and brokers not paying a fair price.
brexit made many buisinesses move abroad to avoid taxes now goverment needs to find more revenue free movement of travel was offered but uk declined they lost out on european very good workers picking veggies
They're blocking a namberlanz! 1:50 If he'd be paying £2M that means the farm is worth £13M. We're supposed to feel sorry for him? 2:12 Now now now, I know what you're thinking. Just because he sounds thick doesn't mean he is thick. Odd how the steel & car industries weren't a concern before, though. 2:58 Fun fact - before the industrial revolution loads of people worked from home. Now it's a computer instead of a loom or a spinning wheel. Of course some jobs can't be done from home, then as now. Perhaps he should have worked harder and got some GCSEs.
The guy being interviewed at 2:00 looks like he’s in his mid forties, why not just pass the farm down once his kids are old enough and then just have them allow him to work it?
Kids are 4 and 19m old, quite a lot could happen to me in that time, it makes a mockery of Labour's budget that if your too old, too ill, too young, unmarried that the terms are pure inequality.
Wish I could afford to take this much time to protest when the government does something I don’t like. Farmers need to stop pleading poverty when they are asset rich (which by definition go up in value) when everyday people are asset poor and cash poor!
The problem is it's only worth that if you sell it and if every farm has to sell of chunks of land every generational change it'll damage the industry severely. I've spoken to land agents who basically say the investment people will still want to buy up the land so it's just taking it out of the farmers hands and into the investors hands
@ ok… 1. Do you think the price of land is going to go down? Most likely not so it does not matter if it is worth that unless you sell because it’s not going to go down a significant amount to matter based on how the asset economy is structured. 2. Who do you think these land investors are? Does the term “investor” not include farmers who want to invest in their farms? Planning is very complicated right now and most farm land can only be used for farming. The real issue is people don’t actually know the real ins and outs. They feel like they do because they know a couple of key words, for example “investors”. However they don’t actually know who these investors are or what they can or can’t do with the land they purchase due to laws and regulations. It’s a whole feeling not facts situation and it’s a shame the country is being led by the loud masses who don’t know the facts.
The only people on farmers sides are the farmers and millionaires who want to dodge the tax which is fantastic to see, oh and the right wing press, and if Farage turns up to a protest something must be right. And how out of touch are they turning up in tractors that cost more than most normal peoples houses.
My family are all farmers in the Republic of Ireland and very happy. And the British farmers are very unhappy. Are British farmers who voted for brexit just thick. British farmers just look over the sea to the Republic of Ireland, and see how happy they are, and you will realise how much brexit conned you.
Amusing how a large source of right wing EU talking points originate from viral videos of debates featuring members of its Parliament. The same people who tell us it is undemocratic 🤔
2:42 “Brexit was always going to be a very good idea but unfortunately it’s not been implemented the way it should have been implemented…’ I always wonder, when I hear statements like that, how exactly Brexit “should have been” implemented.
It now transpires they can use the 1 million business allowance as well so it's basically get an accountant and structure your business and stop effin moaning a couple can claim 1 million in IHT 1 Million each in Agricultural land allowance 1 million each in business allowance = 5 million
“Should we rejoin the EU?”
“No!”
Newsflash mate, your Brexit vote is the cause of all your problems. 3:30
Newsflash you're an imbecile full Brexit incoming can't wait the Left is history 😂
Haha hardly farmers on the continent are hardly happy. People keep going on about brexit but ignore the economic suicide that was covid......
No. Greed, envy & urban idiots are the ruin of farming.
@johnwilliams7653 quite so.
Actually, if you research it, you will find that farmers voted only marginally above national average with regards to brexit. The big farmers had all these posters, and it was impressive beause they have a lot of land, but each one only had one vote, all the same...Then considereing that farmers are only a very small percentage of the population, it was not enough to get Brexit over the line, even with the fishermen's vote as these are a tiny fraction.
The Brexiteer farmer in denial about Brexit being a failure.
But to be fair he is right to be concerned about knife crime on his acres of property where he never sees another person for the majority of the time
TBF the second guy was more sanguine about the situation and the poor negotiation performed by successive Conservative administrations.
@@pault1289 Yeah, he looked like an average bloke a politician could sit down with and explain why they are doing and what they are doing. But the first guy is... Just by look you know he is a Tory member
Yeah, but don’t quote him about the Polish woman who was on about it to the president about knife crime and all the rapes mate. FFS 🤦♂️ 😂
Remoaner still blaming Brexit for our problems lol 😆
The irony is that these blokes say the farmland will be end up being bought by multinationals and billionaires if they sell it - that's exactly what the inheritance tax break has led to, as the return on investment for such land has gone through the roof over the past twenty years. Taxing it properly will stop it being so attractive to vulture capitalists, and could actually be the saviour of small scale farming in the UK in the long term - I'm so glad Labour are being brave about this and I hope they stick to their guns.
Now that's a take I haven't seen yet, and good one
If anyone could reply with any sources or literature on how this can benefit small scale farming, that would be awesome!
I don't think so because land is too expensive anyway,govement should buy land first
My uncle is complaining because his kids will have to pay it but my cousins will sell the land to whoever wants it.
@@MagnusInsomnia Professor of ecnomics on this subject: th-cam.com/video/s9J0GpnXNhY/w-d-xo.html
Well he should sign it over to them now and he will be ok ,if thetvwant to sell its up to them. Though we keep being told the lands been in the families for generations so the decision is thei4s@alfsmith4936
He's right Jeremy Clarkson did show how farms work. You sell your farm to some rich person who wants to avoid inheritance. Where instead Labour want farms to be handed down sooner, run by the next generation, a generation that is more willing to try new stuff, rather than stagnate with some old person trying to avoid inheritance tax...
@@tom9571 the irony in all this? Clarkson was pro EU. Would love to know if he still is...
@@RY_MX5 he's pro not paying tax. He's said that's why he bought his farm
@@phil2544 is anyone really pro paying tax? I've met people from all walks of life and every single one I'd say would legally try to pay as little tax as possible. You're making out the farmers owe the country something because they've been legally allowed to not pay the IHT over the years when that was just the rules, operating within the rules is legal last time I checked so they actually don't owe the country a thing.
@@chester6343 Yes I'm definitely pro paying tax. I like living in a country where everyone is doing well not just myself. Some of us have the capacity to look outside our own blinkered remit and instead find satisfaction when everyone else is also happy and getting along as they should in life with minimal stresses. You only have to look at the US to see a completely divided society where the homeless, drug addicted or debt ridden literally line the streets as you walk down them - who the fuck wants that?
@@chester6343 I find funny when people take action and it backfires on them. I know JC was against Brexit.
"Brexit wasn't implemented the way it should have been" Bloke was a proper conspiracy theorist nut job.
He can't admit he's been conned, just like most of them can't.
He was a straight up loon
Bloke was a walking GB News comment section.
""Brexit wasn't implemented the way it should have been" that's the standard Brexiter's excuse and you can be sure they'll stick to it because they won't admit they got it so very wrong.
...but the Polish lady said she can't let her daughters go out again for fear they might get stabbed or raped. So Brexit was well worth it.
Farmers can and should pay the same rate of tax as everyone else. These ultra wealthy corporations and people buying land so they can avoid paying tax. I won’t be losing any sleep about farmers.
Me neither. While farmers get a £1million tax-free allowance with only 20% IHT to be paid on anything above that and a whopping 10 years to pay it, the majority of people have a £325k allowance then 40% to pay within 6 months.
"can and should" lol sorry but you obviously don't have a clue mate. I agree that the ultra wealthy corporations and individuals shouldn't be using it as a tax loop, but trust me you will be losing sleep about it when your children don't have a food security in the coming decades.
@@donincognito189 inheriting a house or cash is quite different to inheriting farm land at an over inflated price. So many farms will be in the millions of pounds worth of value with all their business assets on top and you want people to pay even more than 20% on something that barely yields a 1% return in the first place. The majority of farmers earn fuck all, enough to keep the farm going and not much else besides for probably the hardest and most dangerous job in the country.
@@GeorgeOhYesPlease A lot of people in the UK earn fuck all but they would still have to pay 40% IHT if they inherited a house from their parents worth more than £325k. As for your argument about food security, the UK imports nearly half of the food it eats so I'm afraid that ship has already sailed.
You may find sleep hard to come by in the early stages of starvation. That is if toxic imported food has not solved your problem of continued existance.
I wonder how many of these voted for Brexit
all of them.
Every single one of them!!
Lots.
And farmers voted Tory or Liberal
@@JetskiDexno, lots of them so the EU trade deal as a winner but they looked with their heads not hearts.
I did but there is no need to thank me. 🤔😂
"It wasn't implemented how it should have been implemented"...I don't think I've met someone who can actually articulate how they think Brexit should have been implemented without sounding silly.
For one thing we need to remove remoaners from the conversation.
I have but you wouldn’t know them, they go to a different school
It was always going to be a good idea. Except for how it's being done now. Or how it would ever be done. But, it's a great idea. Yay Brexit.
@@NeonVisualyou won, get over it
@@NeonVisual We left our biggest trading partner where we had tarriff free exports.. we are now chasing the American trade deal , the trade deal that was so bad before brexit it got laughed at by everyone excepte the Americans who were forcing it, Now we are begging for an even worse deal and the Americans are holding out until we are on our knees so they can take everything, that was ther brexit plan and thats how its going , nothing to do with "remoaners" People who voted for it listen to too much corporate media and end up acting against their own self interest.
All hail Clarkson, the tax avoider. Come on. People like him are Labour's primary reason for this policy.
Starmer government. It has finally taken aim at one of the biggest tax dodges in Britain today - a loophole that lets the ultra-wealthy stash their fortunes under the guise of farming. I'm looking at you, Jeremy Clarkson, and others of your ilk. Originally, I'm a country boy who grew up in rural South Dorset and whose own family counted pig, dairy and beef farmers among their number. And I say, it's about time Britain closed down this scam, and I'll tell you exactly why this move is a win for fairness, working people, for farmers themselves, and for the future of public services.
The issue is the drawing attention to that fact... what did Clackson's show about farming really do to help proper farmers? Diddly Squat
Thye need to go for the energy companies etc now.
Some nice jackets on these struggling lads
Taxable expenses.
The guy said: "it is not great, my own car is 16 years old!" I looked to the left, looked to the right. That's the damn average for cars in Hungary and we haven't starved to death... Also those tractors, those are damn expensive. You don't need to buy the newest one every 4 years...
@@humorpalanta I guess the tractors would be bought from substitutes still from the time of the EU.. people forget many things.. The EU was giving substitutes to them. Now they aren't receiving it. As far as I know..I can be wrong.
@@humorpalanta Tractors, machinery is usually leased.
Machinery is nearly all financed, lease hired or just ancient, its not bought from subsidies, they have all but gone and will be phased out completely by 2027 iirc. No bad thing for public perception, it was never put across well that the subsidies supposedly subsidised food for the public. I say supposedly as it came out of the taxpayers pocket and went back into the other one minus the public sector wastage. 12bn went in, 4bn subsidised British food.
If you owe 2 Millon poounds, that means your farm was worth 13 millon pounds, "just a small family farm" my ass.
So what do you recommend they do with that farm ? sell it to a multi national corporation or a foreign billionaire in order to pay the tax. Then what do we do in the coming years for food ?
You do understand the cost of a farm? Or do you want corporate farming like America?
@ pay their fair share.
@@willyhill7509 I don't care, they can pay up and stfu.
@ I want people to pay their taxes. They don’t even have to pay their fair share they pay half of what everyone else does, have a much higher allowance and have ten years to do it!!! Pass the farm on sooner so you meet the seven year waiting period. If they want to make more money take it up with the suppliers it’s not the government’s fault that they get shit on by their suppliers. They also voted away their subsidies and cheap labour like morons. So no I have no fucks to give for them.
How dare the Labour government ask rich farmers to pay half the tax of everyone else!!
It's a travesty 😂
The farm could be worth millions but only making a profit of 30-40k and then asking to pay 100,000's in IHT. It will affect a lot of small and medium size farms not just rich. Go after the mega rich tax dodgers not honest working families.
@@YnyrHumphreys No it will not. Sick of farmers BS. Get back to work and pay your taxes like everybody else has to.
@@YnyrHumphreysthanks. Yes, what is it about "asset rich, but cash poor" that people don't understand 😕
@YnyrHumphreys Not really a viable business if it is only making 30-40k. Probably best to sell up and cash those millions.
What a load of utter bollocks these people were talking 🙄
Absolutely
BREXIT STOPPED ANOTHER 5,7 MILLION EASTERN EUROPEANS & EUROPE FROM COMING TO THE UK 4 BILLION IN EASTERN EUROPEAN BENEFITS THOUSANDS IN JAIL 890,000 BABIES BORN FUNNY HOW THE WORLD ISN'T IN THE EU BUT I CAN BUY A 4 POUND BOTTLE OF WINE FROM AUSTRALIA OR NZ LAMBS & OTHER THINGS MY APPLES ARE ENGLISH MY POTATOES ARE ENGLISH MY MEAT IS FROM ENGLAND MILK BREAD ETC
"brexit was a good idea but.... something something working from home. Wibble. Wibble". Convincing argument you've got there mate. Good work.
Yea that was a strange argument as don’t farmers also work from home
@michaelcavanagh7473 A great point well made! Exhibit A: th-cam.com/video/t6dbKDaGQ8M/w-d-xo.htmlsi=SWBImusgDsu3Vf69
He'll believe saving £5 on a coffee per day will get you a property next
😂😂😂😂😂
I'd be delighted if the government forced me to pay half the rate of tax as everyone else in the same situation.
You won.......................now enjoy the consequences.
This is stupid. These people took us out, and we have to fight for them. Why?
They were fine for other industries to suffer at the promise they wouldn't with Brexit, perhaps this is just karma catching up. Also If they owed 2 million pounds, that means the farm was worth 13 million pounds. 11 million pounds for the next generation
Exactly. Of all the groups in society, maybe they should understand the maxim 'reap what you sow'...
They're so close to the mark yet still miss it completely. They should be directing their protest to the huge inflated prices that supermarkets charge while buying food at a bare minimum from the farmers.
Also very interesting to see that blocking roads as a farmer has zero consequences, while blocking roads to protest lack of climate action gets you a longer sentence than a SA perpetrator.
Well said. The farmers are mostly on talking terms with their ex posh school MP’s
I live in rural Herefordshire, and I'm surrounded by farmer's and most of them are either a bit dim or posh and a bit dim
They all called Tim?
In 2023 36 farmers commited suicide why?
@@Graham-n2m In 2023 hundreds of non farmers committed suicide. Why?
@@repairupdaterepeat5815 Only the nice ones
And they all probably think you a useless waste of space
Public school tax dodgers.
The conspiracy theorist gave the game away , brought a tractor for 1 million and needs to pay it back in 5 years. So to have a debt of a 1 million on inheritance tax your farm would be worth probably 8 million, you can pay that over 10 years with no interest. Yet you can afford a loan for a tractor whilst paying interest and pay that back in 5 years.
All these farmers complaining they face 20% inheritance tax should sell their farms and buy a house and pay 40% inheritance tax instead. I might sell my house and buy a farm.
Then you become part of the problem!
Oh..
I see.
The thing is, it´s actually not even that. So the threshold for farms is higher, it´s for anything over 1,000,000 pounds. There are also other things that raise the threshold, i.e if the farm is being used as a child´s main residence that raises it 325,000 pounds, so 1,300,000. Also, if the farm is owned by a couple, I believe the rate is twice that, more like 2,600,000.
@@Commonsense-u1hand 2 million on equipment.
Good plan can I re register my house as a farm ?
Don't tax you, don't tax me, tax that man behind the tree.
You voted for Brexit these are the consequences
What has this got to do with Brexit? The description on the video is misleading. This is about the Inheritance Tax Grab that Rachel from Accounts has forced via her budget.
@@davidf8749 They lost the vast EU subsidies you dolt.
@@davidf8749 No sympathy for these millionaire landowners.
@@davidf8749 by leaving the EU, the UK lost the farming subsidies, it's become harder to export and import with the EU.
We're now 40bn worse off a year directly because of brexit and the working people have had to paid more time after time after time.
It's time for the rich to pay more
@@davidf8749 If brexit hadn't blown a hole under our waterline there would be no need for farmers to pay the exact same tax as everyone else.
These farmers did well when they had 3500 million pounds EU subsidies per annum to divide. Now they get nothing.
Since their last protest many farmers have consulted with their accountants to be told that with a bit of tweaking they'll not be paying inheritance tax. Hence, not so many farmers protesting this time round.
If they cannot tax multimillionaire land owners, they have no right to tax anyone.
Farmers have attacked the countryside with their chemicals and pesticides for many years.
they have to because of the law
@Ellisstanleyy there are other alternatives they can use that are not harmful and effective but costs more so they don’t do it.
Stuff the farmers. They are always whinging. Just pay the same taxes as everyone else.
What is it about "asset rich but cash poor" you don't understand? Do you think farmers fed up of low income should just sell up? That they shouldn't hand their farms on to the next generation? When you say "stuff the farmers" you might as well also say "stuff national food production" and "stuff the villages". Let's have everyone move into London instead and import frozen fruit and veg from abroad 🙃
You could make the "asset rich tax poor" arguement about lots of peoples wealth 😂😂
@@RobertTownrow how do other industries do this?
"Asset-rich and cash-poor" means that the asset is overvalued.
Why is the asset overvalued? Well, it isn't, once you consider its value as a way for the super rich to avoid inheritance tax.
Close the tax loophole, and the price of land will come crashing down. Cash-poor farmers will become asset-poor again, and won't have to pay. Hell, the best farmers would even be able to expand their farms so that best practice can spread!
well considering that uk farmers made their living from EU subsidies.... possibly
and cheap labour from europe they couldnt find workers in uk
@@jasperedwards2713 It is a disgrace that Britons would rather live off welfare than pick potatoes.
@@jasperedwards2713 they don’t even advertise jobs domestically all that much. Wonder why?
@@a.brekkan4965where are these farmer jobs? I’m serious? I don’t see many advertise and while I see the odd one sometimes they all generally say you need to be able to have your own transport because no public transport available?
“The civil service scuppered a good brexit because they want to work from home and my sheep won’t let me work from home.”
Sell your farm and get an office job guy.
Is Trump giving lessons in public speaking?
Is education in rural areas worse or does the whole system need a major overhaul. This is embarrassing.
It’s such a strawman argument that I got secondhand embarrassment just from watching him say it.
Truck drivers (dudes with fkn beds in their vehicles) also hate on home workers.
No such thing as a good Brexit
Farming is the ultimate definition of working from home. I'd like to see the Farmers brave communiting on the central line in the summer months.
These people actually produce the food we need to live so why are you looking down on them!!! If it were not for food grown the rest of society like those stupid office people that commute to the cities would collapse and start dying!! It is the same with doctors and nurses we need them when we get sick!! Farmers are more important in some ways, they are literally the basic of society, making money is unless without the production of food to live which the farmers produce and if they are not going to do who will, farmers abroad!!
@@nicenac Isn't it mainly the 400, 000 low paid agricultural workers who produce the food we need to live, rather than the farmers?
@@nicenac (apologies to @visitforthemusic if this is out of turn but...) they are not looking down on them, what they are doing is employing humour and modern vernacular to rugpull the crybaby nonsense from these people's mouths shown in the video. This is about as British as it gets, culturally.
And we can all agree how important farming is to the nation - we can all agree on that. Inheritance is for personal chattels, not million pound industries. Do you have the same indignation at the offhand and frivolous nature the farmers conduct their continuity planning? I think its a fucking outrage myself.
Find it difficult to think of another industry that is allowed to conduct itself as if it were 1215AD.
This isn't a tax on farmers: it's a tax on landowners.
60% of British farmers supported Brexit. You have been hit by less revenue (OBR states 4% hit on UK economy, as a result of Brexit)= £40 billion loss per annum. You can't have it every way. Pay your taxes.
Where do you get this "4%" rubbish from?
These figures are just conjured up and repeated by anti brexiters. It's twaddle.
From OBR. Learn to read.
@@alphamikeomega5728 This is a *projection* about the *possible* loss of *growth* in GDP over *15 YEARS* based upon a *static model.*
It is *NOT* a real value. It is a *speculation* and to present it as a current "fact" is a gross abuse.
@@alphamikeomega5728 learn what a PROJECTION based upon a STATIC MODEL is.
The bloke talking a lot in front of the John Deere sounds like a proper media-trained politician with his evasion and non-answers.
Agree. He’s too slimy and glib.
Proper re-form candidate..
Someone should do a background check, cos no doubt the "party" (is it still just a company or have they sorted that yet?) hasn't had the time - could come back to bite their asses yet again. The thumbnail looks like John Craven.
Craven, yep - that's about right. Own your choices, dude - squirming and wriggling like a spoilt child - and run your business properly, not like some medieval feudal toy, this is the engine of the nation, ffs.
@@hamblyl They don't care. Rules and morals are for everyone else.
@alfsmith4936 I don't disagree, but we aren't the US, it is not a given. Identifying and highlighting these goons is still important and necessary. It isn't for them, it is for us.
British farmers should back Britain. Pay your tax.
Ironically all reform voters
And they moan nothing works but they keep for the same disaster capitalism
In 1994 when the inheritance tax reliefs were introduced they failed to improve the farming outcomes. We now produce less of the food we consume and the cost of land has gone up hugely. The tax changes are not bad in themselves but they were clumsily introduced. With 50% of land owned by 1% of the population we do need land reform.
The first guy's an idiot. They're not being forced to sell land.
The first guy really looks like a farmer.
And by "farmer" I mean "stock broker who retired and bought some land".
Anybody know his name?
Would like to check his CV, how many companies he owns, how much profit they make...
This is why I can’t take the farmers seriously. This guy would do anything not to criticise his beloved Conservatives or admit that Brexit was an unmitigated disaster. Weak people
Not more "Brexit just wasn't done right"
FFS
because they voted for it there ego will never allow them to admit that Brexit is a complete lie
Vote for Brexit, reap what you sow.
I have sympathy for farmers who didn't vote for Brexit. The rest can do one!
I’m not a farmer, but why arent the protesting about the fact that supermarkets have been shafting them for years?
because they are all sheep and only follow - the rhetoric of what rich farmers tell them to do, just like Brexit bulls**t
Because if you stop selling to the supermarket they will just buy in from abroad. The thing is with farming you can't just turn it off wait for the price to improve then start again.
They should club together and make a farm shop supermarket then. I’d go there if the prices were ok
Nice tweed. Perhaps if you stopped buying Range Rovers and Barbour jackets you could afford some tax contributions
Never saw a poor farmer 😂😂😂😂As Thatcher said market forces. If they can't make a farm pay, need another job.😂😂😂
Forage will show up for the opening of an envelope...If he thinks there is a quid in it
babe wake up, new farmer cosplay just dropped
You’ll be fine if you lose your farms, according to your angry right wing mates you soon be on £50k benefits, a free house and flat screen tv’s, It’s luxury apparently.
Just a bunch of poorly informed people, moaning about either having to pay tax (like the rest of us) or complaining about other issues that aren't relevant.
If only everyone could be as "informed" as you are ...
Admit you were gullible and believed Brexit was going to make you richer and it didnt. Just admit it for once that you and the rest of the sheep believed grifters and you played right into their hands.
That guy is gb news personified
No such thing as a poor farmer.
Indeed. I used to know a farmer who would complain about how poor they were, then hop into their brand new landrover to get some groceries from Waitrose. They have no idea what it’s like to actually live in poverty.
I have never seen one either
And by the interviews here, no such thing as an intelligent farmer.
There are poor farmers, but they won´t be affected by this change
There definitely are, but they won't be affected by the tax change or out protesting. My grandad was a farmer and grew up in a family where he was the oldest of 8 kids (making him lucky enough to inherit the farm). They didn't have central heating or an indoor toilet and pretty much worked from dawn until dusk. Even that wasn't enough to make ends meet so he had to do contracting work (towing stuff with his tractor, tending to people's fields etc) for the richer types of farmers you see in the video. It ended up killing him because one day he was towing a wealthier farmer's trailer up a steep hill to earn a bit of extra money and his tractor blew over in the wind. He got glass and other debris in his face and not long after died of a heart attack. It's not an easy life by any stretch of the imagination unless you are a rich landowner with a massive estate.
I have no sympathy for farmers. Fools, the lot of them. They overwhelmingly voted for Brexit, and ended subsidies and access to cheap labour. Sot themselves in the foot.
Now they are protesting inheritance tax without bothering to find out how it works and how it targets wealthy landowners more than it does actual farmers.
Although it is designed to target wealthy land owners it's going to get a lot of smaller farms. The ROI on ag isn't high enough to service the tax if you're making your money from the land. Something has to be done to stop investment funds buying up ag land but this is going to hurt a lot of farms
WTF!! is he talking about ; Brexit was a good idea, but it shouldnt have been implemented the way it was implemented.
what does that even mean? You vote to leave, you leave.. end of story
Farming has been insolvent in the UK for decades. Propped up by the CAP and BPS payments since the 50s, then sold down the river on Brexit. Only industry in the UK being kept alive by subsidies and tax loopholes.
Just don´t want to pay taxes, plus no subsidies. Maybe mister Farage should fund subsidies from all the donations. People voted for rich people like Boris and Nigel so don´t know what they are expecting. Ask Mr Dyson why does he own the most farming land in UK after he moved his business to Singapore?
Can we all just take a quiet smug moment as these idiots finally realise that the brexit they voted for has shafted them in exactly the way they were told it would?
Scotland did warn you about Brexit and its costing £100bn a year how's tbat going farmers, why are you not all out celebrating 🤔
Brexit has been devastation for farmers :
Loss of EU subsidies: 90% of their annual income for some farms
Increased input costs
Reduced workforce: shortage of EU workers
Higher supply chain costs:
Desperate Trade deals with cheaper Australia and New Zealand
Everyone else has to pay their taxes? And the steel, mining and car industries were shut because the tories said they should have to compete? To provide a better service to the consumer? Why should the farming industry be any different to the rest they have been protected for years and laughed as other industries closed unable to compete against foreign imports and and subsidies from other governments? All farmers plead poverty🤷♂️ I never knew a poor one comparable to other people yet?
The Brexit denier used the tax loophole Clarkson as his great example 😂
The Tories own Brexit. It was the Tories who brought it in.
Do they sound more crazy than last time to anyone else. That's nothing to do with farming, all political
Jesus, they're really determined to make pratts of themselves, aren't they.
The farmer bless him blames the civil servants not the Tories 😂😂😂😂
How much did that jacket cost, Mr Hardup Farmer?
Mine? The green fleece... £35. Is that too extravagant for working outdoors all day?!
@@georgebrown6994 Not you. The posh one in the jumper and shirt. I can see you're a real person, George. You're not the problem.
That Brexiteer Farmer is no 1 on the list of why the public cant get on board with there protest, just a bitter old Tory
Turkeys voted for Christmas
Come on “Politics Joe”, do some investigative journalism . I want to know who the first interviewee is. He is too smooth to be a “farmer”. He strikes me as a plant.
0:28 “Trouble is, every time I’ve been a conspiracy theory-ist, it comes out as fact”
Evidence, please.
If all farmers are as efficient as Clarkson farm ,no wonder we have to import quality food from Australia and New Zealand.
When will they say we got it wrong with Brexit and apologise to the rest of us?
Nobody has a crystal ball, the EU is hardly thriving, if every farmer voted remain we would still have had brexit anyway so how exactly is brexit pinned on farmers?
As property, the lands worth a lot for interitance tax dodgers (see also j clarksons previous comments) for for farmer as farming its worth sweet fa.
Valued as farm land none of these farmers will pay the tax.
Thier issue is with the supermarkets and brokers not paying a fair price.
That first guy... FFS! 🙄
Reform journalism is about holding views to account, not to provide Reform UK a free mouthpiece
brexit made many buisinesses move abroad to avoid taxes now goverment needs to find more revenue free movement of travel was offered but uk declined they lost out on european very good workers picking veggies
2:30 You've left it a bit late lovely boy, you should have thought about this 40 years ago
If you can’t pay your tax, get a better job.
What a load of bollocks these guys are trotting out. If they represent farmers then the industry is already dead.
They're blocking a namberlanz!
1:50 If he'd be paying £2M that means the farm is worth £13M. We're supposed to feel sorry for him?
2:12 Now now now, I know what you're thinking. Just because he sounds thick doesn't mean he is thick. Odd how the steel & car industries weren't a concern before, though.
2:58 Fun fact - before the industrial revolution loads of people worked from home. Now it's a computer instead of a loom or a spinning wheel. Of course some jobs can't be done from home, then as now. Perhaps he should have worked harder and got some GCSEs.
Farmers must pay their taxes to pay for Brexit. £30 Billion EU divorce bill creating a brexit black hole.
I blame Top Gear !
The guy being interviewed at 2:00 looks like he’s in his mid forties, why not just pass the farm down once his kids are old enough and then just have them allow him to work it?
I'm sure that is what his accountant recommends 😊
Kids are 4 and 19m old, quite a lot could happen to me in that time, it makes a mockery of Labour's budget that if your too old, too ill, too young, unmarried that the terms are pure inequality.
A classic case of being high on your own supply!
Wish I could afford to take this much time to protest when the government does something I don’t like. Farmers need to stop pleading poverty when they are asset rich (which by definition go up in value) when everyday people are asset poor and cash poor!
The problem is it's only worth that if you sell it and if every farm has to sell of chunks of land every generational change it'll damage the industry severely.
I've spoken to land agents who basically say the investment people will still want to buy up the land so it's just taking it out of the farmers hands and into the investors hands
@ ok… 1. Do you think the price of land is going to go down? Most likely not so it does not matter if it is worth that unless you sell because it’s not going to go down a significant amount to matter based on how the asset economy is structured.
2. Who do you think these land investors are? Does the term “investor” not include farmers who want to invest in their farms? Planning is very complicated right now and most farm land can only be used for farming.
The real issue is people don’t actually know the real ins and outs. They feel like they do because they know a couple of key words, for example “investors”. However they don’t actually know who these investors are or what they can or can’t do with the land they purchase due to laws and regulations.
It’s a whole feeling not facts situation and it’s a shame the country is being led by the loud masses who don’t know the facts.
The only people on farmers sides are the farmers and millionaires who want to dodge the tax which is fantastic to see, oh and the right wing press, and if Farage turns up to a protest something must be right. And how out of touch are they turning up in tractors that cost more than most normal peoples houses.
I’ve never seen a farmer on a bike (song)
Oh millionaires moaning that are being taxed at 20% when they inherit their wealth😂😂 my heart bleeds
are they farmers? Sound like professional conspiracy theorists to me - let them go bust and improve importing conditions and routes from the EU
Live on am island and want to rely totally on imported food ?
My family are all farmers in the Republic of Ireland and very happy.
And the British farmers are very unhappy.
Are British farmers who voted for brexit just thick.
British farmers just look over the sea to the Republic of Ireland, and see how happy they are, and you will realise how much brexit conned you.
Amusing how a large source of right wing EU talking points originate from viral videos of debates featuring members of its Parliament.
The same people who tell us it is undemocratic 🤔
2:42 “Brexit was always going to be a very good idea but unfortunately it’s not been implemented the way it should have been implemented…’
I always wonder, when I hear statements like that, how exactly Brexit “should have been” implemented.
I see Nige has his costume on again
Pay the same rate as everyone else , why special measures??
Because the value of the land doesn't reflect its return.
Where were the fatmers when we were voting about Brexit?
Your golden goose did not come home to roost did it? 🙃
They wanted it and they got it 👍
3:56 this guy is rapidly reducing any sympathy I may have for farmers
If you have to pay 2m you,re not a small farmer
It now transpires they can use the 1 million business allowance as well so it's basically get an accountant and structure your business and stop effin moaning
a couple can claim
1 million in IHT
1 Million each in Agricultural land allowance
1 million each in business allowance
= 5 million
Farmers all have accountants.