A devastated farmer shared insight into the "impossible" changes in the government's new 2024 Budget recently anncounced by Chancellor Rachel Reeves . GB News presenters Stephen Dixon and Ellie Costello welcomed potato farmer James Fairlie who stated: "It's terrible news to be honest, because without sounding flippant, £1 million of farmland these days is 100 acres. "People who have 100 acres have a full time job, so anything over that, to add on 20 percent and also we forget the captial gains tax, as well as high interest rates to borrow against that, it's unviable.
It's not possible." He shared: "I'm a seventh generation farmer on this land, we've been here since 1703 and we hand it down. It's what we do, we're not sitting on this huge asset to be able to then sell it to live the life of Riley.
"We're doing this for just food that keeps you alive, I don't know how hard that is to understand for people in Westminster ...
nobody needs anybody more in the UK than we need a farmer ...
they're killing the hand that feeds them, literally." Stephen asked James: “The National Farmers Union says it's going to organise a big protest in London. Is that something you’d take part in?” This is a breaking live TV story, the Showbiz Express.
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Entertainment
Devastated farmer rages on GB News over catastrophic Labour Budget: 'They're killing us'
Following the Chancellor's Budget, furious farmers have hit out at Rachel Reeves over the new inheritance tax rules.