The Pretender - 1/22/2025 07:35

The anti American sentiment is because it looks highly likely that any free trade agreement between the UK and the USA will see UK farmers getting absolutely battered because they can't compete on price. 

 

British agriculture is absolutely on its arse right now. The subsidies farmers have been limited to £8,000, so a lot of farms are hundreds of thousands of pounds down per year. Then the inheritance tax laws are due to change, so anything over (I think) £1,000,000 will be subject to inheritance tax @ 20%. With land at over £10,000/acre and you all are aware of the price of equipment and know what commodities are worth, a million quid goes nowhere. 

Then as a final kick in the plums, we have a tax called National Insurance, employees pay some and employers pay some. The employers national insurance contributions have increase and there's been an increase in capital gains tax too. I have a friend working for Bunning, the muck spreader manufacturer, the NI increase will add £200,000 to the wage bill off their bottom line. Another friend works for an Agco dealer, their NI and minimum wage increases will cost £750,000.

We're in trouble.