UK softens stance on farm tax after months of protests

The UK government announced it will scale back its plan to raise more tax from farmers and agricultural businesses after protests. The inheritance tax relief threshold will increase to 2.5 million pounds from April, reducing the number of farms facing higher tax bills. This change aims to protect family farms, with 85% of estates expected to pay no inheritance tax in 2026/27. The initial plan had sparked protests from farmers fearing the loss of family farms and reduced food production.