A convoy of over 30 tractors slowly moved along the A5 in Shrewsbury as farmers united in protest against recent changes to inheritance tax announced in the government’s budget.
The procession started at Halls Shrewsbury Livestock Auction Centre and travelled repeatedly between the Dobbie’s and Emstrey roundabouts to highlight concerns over the tax reforms.
Farmers argue that the changes, which will see inherited agricultural assets worth more than £1 million subject to a 20% tax starting in April 2026, could devastate their livelihoods.
Previously, these assets were exempt from such taxation.
Many in the farming community believe the reform fails to consider the financial realities of their industry, where they may own valuable land and livestock but lack liquid cash to cover the tax burden.
Some fear the policy could force families to sell their farms to meet tax liabilities.
The protestors called for the abolishment of inheritance tax entirely, stating that farming businesses are already struggling with rising costs and decreasing profitability.
They emphasised that the new rules would place an additional strain on an industry vital for food production and rural communities.
In response, the government has defended the changes, highlighting its commitment to agriculture and pledging £5 billion to the farming sector over two years.
The new rules include reforms to Agricultural and Business Property Relief, reducing the inheritance tax rate for affected estates to 20%, which is half the standard rate, and allowing a 10-year interest-free payment period.
The government maintains that the reforms are fair and designed to balance public funding needs with support for the farming industry.
Farmers, however, remain unconvinced, stressing that the changes could lead to long-term repercussions for the UK’s agricultural sector.
As they continue to voice their frustrations, the tractor convoy serves as a powerful symbol of their collective fight to secure the future of farming.
