Labour is continuing to hand out more than £500 million to foreign
farmers – about the same amount projected to be raised by its
inheritance tax raid on British farms that threatens to “destroy” them.
The Telegraph has the story.
Fresh analysis shows more than
£536 million is being spent across ten programmes in Africa, Asia, and
South America, including in Brazil, the world’s 11th-richest country,
where low-carbon agriculture is being funded.
Many of the schemes stretch for more than a decade, with one £206 million plan running until 2031 having launched in 2012.
One project worth £16 million is attempting to grow tea in Rwanda for the first time, according to figures from the Taxpayers’ Alliance seen by the Daily Express.
It comes after Chancellor Rachel Reeves sparked fury by cutting relief on death taxes for farms and businesses.
The sweeping changes – predicted to raise £500m – mean farmers must now
pay 20% tax on the value of their farm above £1 million.
Robert
Jenrick, Shadow Cabinet Minister, criticised Labour for “spending
hundreds of millions on foreign farmers while British livelihoods are
destroyed by their cruel inheritance tax changes”.
He told the
Express: “That will feel like a slap in the face for many British
farmers. It’s not too late for Starmer to listen, admit he’s made a big
mistake, and actually keep a promise he made at the election." ...<<<Read More>>>...