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Why are British farmers striking and will it affect supermarket supplies?
National World - LocalTV
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18/11/2024
Farmers are striking, they are in dispute with the Labour government over inheritance tax, falling farm subsidies and falling farm incomes.
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00:00
Some UK farmers are striking over Labour's inheritance tax changes, subsidy cuts and falling farm incomes,
00:08
which they argue jeopardise their livelihoods and the nation's food security.
00:14
The inheritance tax reforms limit 100% relief to the first £1m of combined agricultural and business property,
00:24
potentially forcing farmers to sell land to cover tax bills.
00:29
While Labour claims most farms will not be affected, critics argue that more than 60%
00:34
exceed the threshold, particularly those with high-value land. This comes alongside
00:41
reduced subsidies and soaring input costs, further eroding profits.
00:47
In Wales, farmers have begun withholding meat and crops in protest,
00:52
with some warning that it could lead to empty supermarket shelves if strikes expand.
00:57
National Farmers Union President Tom Bradshaw cautions that the government's approach
01:03
threatens food production, already under strain from poor weather and high costs.
01:09
While current actions are unlikely to cause immediate shortages,
01:13
prolonged disruptions could impact supply chains, especially for British produce,
01:19
leaving consumers to face higher prices or rely more on imports.
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