Policy

Chancellor urged to ease Brexit pressure on farmers

Chancellor Philip Hammond is being urged to reduce the financial pressure on farmers as the UK prepares to leave the European Union.

Rural insurer NFU Mutual wants Mr Hammond to take steps to ease farmers’ path towards Brexit when he unveils his latest budget on Wednesday (8 March).

NFU Mutual rural affairs specialist Tim Price said: “Until Brexit plans are confirmed, UK farmers are currently unable to make long-term investment because of uncertainty about future agricultural support and export opportunities.

“To help farmers through this transitional period we are urging the Chancellor to support farmers and the rural community.”

Mr Price said this could take the form of simplifying both business and inheritance tax rules and avoid introducing measures that could add more financial stress to rural businesses.

(Source: Press & Journal)

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