Rachel Reeves’s inheritance tax raid will hit farmers harder than wealthy investors using land for financial planning purposes, analysis has found, despite claims the Chancellor wants to make the system “fairer”.

Rachel Reeves is holding firm against a U-turn on inheritance tax for farmers, despite the Treasury analysing ways of softening the impact. The chancellor is understood to be determined not to drop the policy even though some Labour MPs – and even ministers – are worrying about the political fallout of the policy that has seen farmers protesting in Westminster this week.

No farmers, no food. Listening to local farmers today reinforced my view that the Labour government must urgently reverse its industry-threatening tax. Stand with us: pic.twitter.com/mhYKLuHR3m — Rishi Sunak (@RishiSunak) November 19,

One of the Lincolnshire farmers behind a mass rally in London says they won’t give up the fight against government tax plans.

Baroness Mallalieu echoes Theresa May’s description of the Conservatives as ‘the nasty party’ as she hits out at Rachel Reeves’ Budget measure to extend inheritance tax

With banners, bullhorns and toy tractors, thousands of British farmers descended on Parliament on Tuesday to protest a tax hike they say will deal a “hammer blow” to struggling family farms. U.K. farmers are rarely as militant as their European neighbors,