The media scrutiny of Reeves Budget

[Boro.Fur]

Darren Jones doing the media rounds this morning.

He speaks really well, calm, clear messaging, not evasive.

I can see him as a future Labour leader.

Same on Question Time last night.

 

[Boro.Fur]

Which horrendous posts?

You had the Police Officer hung, drawn and quartered before he'd even been charged with an offence. Then after he was acquitted by a jury you went missing. What happened there?

 

[Alzi]

Which horrendous posts?

That’ll be a no then. Maybe a bit of self reflection is in order before you call out other posters.

 

[Billy69_uk]

That is an absolutely disgusting post.

Whatever you think of that particular story you are hoping that people die. Real people. Someone’s grandmother and grandfather.

You should be ashamed.

Is this your first day on the internet?

 

[sherlock]

Is this your first day on the internet?

No, but I’m not sure how that’s relevant to you wishing for pensioners to die?

 

[Anton_Berg]

Different people shown the same ink blot.

 

[spanishman]

Found buried in an article on the Sky News site:

Paul Johnson, Director of the Institute for Fiscal Studies (IFS), says: "What the budget did was reduce the amount of additional relief that farmers get on agricultural land.

"It still means they'll be significantly more generously treated than the rest of us and still more generously treated actually, than farms used to be in decades past.

"The changes will affect actually a remarkably small number of some of the most valuable farms. The majority will still not be affected by this."

 

[Billy Horner]

You do realise that Inheritance tax wasn’t introduced to farmers in this budget it has always been there but because of the relief they didn’t pay it but now that full exemption has been limited to a £1m but with other reliefs goes up to £2m and you call that disgusting? They also only pay 20% not 40%. Also I can assure you the whole farming industry did not support Labour at the last election.

You’ve taken offence to this by watching the NFU spokesman on Sky News I suspect. The NFU have been slightly if understandably disingenuous as they are protecting their own. Do you actually know how many farmers are actually affected by this. I will help you out with some research.

https://twitter.com/x/status/1851956384167776598

Found buried in an article on the Sky News site:

Paul Johnson, Director of the Institute for Fiscal Studies (IFS), says: "What the budget did was reduce the amount of additional relief that farmers get on agricultural land.

"It still means they'll be significantly more generously treated than the rest of us and still more generously treated actually, than farms used to be in decades past.

"The changes will affect actually a remarkably small number of some of the most valuable farms. The majority will still not be affected by this."

I note that Dan Niedle has now added to his original thread to point out that a married couple would each have the £1m agricultural land exemption. So that’s the first £2m exempt on the death of the second spouse, plus a further £1m to exempt the farmhouse and any other assets.

So the first £3m completely exempt from IHT and anything above that charged at 20% (rather than 40%) which can be paid over 10 years. It’s a bit difficult to tell from the HMRC table he posted (as the bandings don’t nearly follow those amounts) but it would appear that at least 90% of family farms would, therefore, remain completely exempt from IHT.

 

[Way_Out_West]