Completely ****ed it for family farms.
40% IHT on agricultural assets above £1m.
Essentially (because family farmers don't tend to have lots of disposable income) they will have to sell their assets - fields, buildings, machinery to pay the tax, thus crippling the business.
Who will be there to mop up these assets when sold? The big conglomerates.
Therefore this budget is handing over family run farms to the big multinational companies via IHT.
So much for Labour looking out for the working man
(I have relatives and friends in this industry so it's an issue that resonates with me).