@priscillaroberts7945 £10 says we do. This rotten corrupt bunch of crooks are hated universally by everyone other than their fanatical far left cronies.
He is very adept at trotting out the party line, less a journalist and more like listening to a government spokesperson. Whatever his role is supposed to be it’s not adding anything to the program other than just like listening to a party political broadcast by the Labour Party. He is also starting to talk over everybody else. I reckon he’s getting help with briefing for this, he is on a mission.
I don't think he's right. Farm machinery can easily come to £1m, so too many vital family farms will get caught. The problem may not show for 20 years or so, a bit like selling all our gold, auctioning mobile phone spectrum or opening up borders. It takes years before the effects are realised.
Yes. If this doesn't change, you won't have food on the table, or any farms. Good luck relying on hostage trade deals to get fed when we have abundant perenial grassland to produce it ourselves@@neilgroves534
I guess ur a farmer then cos no one else feels sorry for millionaires having to pay 20% inheritance tax on farm assets when everyone else is taxed at 40%
These millionaire farmers are disgusting considering that the average jo for decades now has only had a 500k threshold for inheritance tax and anything over is taxed at 40% This pathetic lot are throwing a tantrum despite the fact that they have a 1.5 million threshold (500k that everyone gets and 1m specifically for farm assets) and then only get inheritance tax at 20% above that !!! Compared to everyone else’s 40% It’s about time we taxed wealth equally
@@sylviaduffin4812 All their food and alcohol is subsidised. Their heating bills are paid on second homes and yet they’re happy to short change the rest of us.
no farmers need to create more sustainable ways of farming just dumping fertilizer on it when only 20% gets absorbed is what is killing the world and the soil
Maguire is sadly how Labour voters think and exactly why the Labour Gov felt comfortable with this policy. They know their base have never met a farmer and think they're all rich.
Mathewdsouz Clarkson’s not a farmer he’s only in it for the tax dodge ! 1984 ! Look it up farmers paid inheritance tax before then ? Wasn’t that around the time of poll tax ? Work it out ! If farmers don’t like it move on there are others want the job for life
@@reubenjuster627 he's right about 1984 though, it's likely that there's two cases here the Clarkson's etc al (regular dinner parties with David Cameron remember!) who are basically dodging valid tax and actual family farms that were on the edge... Notice how hard your fans work to confuse the two... That's who you know is pulling your strings!
@@joysynmonds9082 well then why are u crying Farmers that are worth less than 3million won’t have to pay any tax The change in law is for farming worth over 3 million (1.5milluon each for a married farm couple) .. only those farms worth over 3million will pay inheritance tax So if they’re not wealthy, they have nothing to worry about If they’re throwing a tantrum then u know it’s cos they’re wealthy
@@itaz6276 paying more tax for deadbeats to live on benefits, get motability cars, live in social housing. Not to mention illegal immigrants draining the system as well and they haven't ever payed anything towards the state 🤦
@@itaz6276Almost every farm is worth more than that. But it's not cash in the bank of the farmer. It's in machinery, buildings, the land. 500 acres sounds a lot but it's about the smallest a farm can be to make even 50 or 60 grand profit. Supermarkets pay a pittance and foreign imports of food that can be grown here means british farmers get even less. To pay the bill while still making literally any money ( most of which goes back into the farm ) means most farmers will have to sell productive food producing farm land that will then be taken out of food production, because no one will be able to make money on it. Just the equipment and fertiliser and fuel costs alone take over a million to pay for. Then the land ,then the house, then any livestock , buildings ....it all adds up to far more than 3 million in value. They literally cannot afford to pay that tax bill and still have a viable business, not even over 10 years of paying. I know how to grow food. I'll be hungry if they strike but not half as hungry as you. You DO NOT bite the hand that literally feeds you every day.
The country will stand behind the farmers 💯 Starmer your beaten in everything you’ve done from the first day in office, and it’s getting worse by the day, the polls are showing just what the country thinks of this government 💥
I won’t. They’re millionaires wanting to get away with paying taxes - like the rest of the millionaires in this country. Apparently only poor people should have to pay taxes.
Kevin really has no idea on the value of farms, £1M would buy you ~20 acres with a house on it, that's a small holding for self sufficiency, not a farm that provides an income. There is a piece of farm land opposite where I live, I got a copy of the deeds as it is leased and the lease is up next year and I was looking to get into small scale farming, that land in 2005 was already valued at £1M, way before the likes of Dyson and his ilk started buying up land as a tax dodge.
@ It’s a pity you don’t understand the long term consequences of IHT on farmers. Starmer does and he would like us to go over to Soviet style collectives.
@@terryloftus8626Do you work an average of 80 hours a week like farmers do? They're asset rich but cash poor. Unless they sell their farms they're not rich at all. You have no idea but you will be moaning when there's no food in the shops.
Because generational wealth can be levied to rent seek, which doesn't help society in the slightest Refer to the royals holding the MOD, NHS and leasehold homeowners at ransom by way of land tax Land that they are not actually obligated to maintain They just get money for having money
It really makes me laugh. Having worked for a very wealthy man, ex London Barrister, buddies with politicians who like many like him know how to work the system and hide their assets, register a business as a charity to avoid tax etc etc…that people think Farmers have any large sums of inheritance cash worth of this fuss. The people who the Government should be going after…are themselves and their buddies….this is just pocket change compared to the hidden assets out there thanks to clever tax avoidance, and they know that. It's exactly the same as Tax thresholds being more strict now for Sole Traders, Small businesses and even people who casually sell on Ebay etc…it's all pocket change compared to money the more wealthy people are hiding, but we are penalised because we can't do squat about it. Same old Politician shenanigans.
After 2/3 generations of supplying beef and jersey milk in the UK, my father has sold all his dairy cows & beef cows as theres no profit in it! Now inheritance tax rules! This is a disgrace that needs to be addressed ASAP!
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
As I have gotten older and learnt more about the world I've come to realize that Kevin Maguire genuinely doesn't have a clue about anything in the real world and outside of his bubble in London.
@@terryloftus8626 lol typical socialist...nothing is free..someone pays for it...the amount of waste of funds going into the NHS is a joke...the standards of healthcare is a joke...typical government institution...no competition so incompetence is everywhere
Kevin Maguire has not got a clue! he's talking out of his rectrum on everything, especially farmers. Despite the Government saying 78% of farmers will be exempt, the NFU, and many other researchers have stated that actually 72% of family farms will be hit by these rule changes. Kevin Maguire is typical of the Labour louts who are in power, doesn't do his homework, and looks at those who have worked hard to get what they have with envy, thinking the world owes them something.
He knows the inheritance tax does not affect the vast majority of farms. Only the huge land owners. What was that about big gobs and knowing nothing? Why should the hugely wealthy be allowed to get away with paying far less than ordinary people?
But not paid by the people who will inherit and live off them. Bit like the royals who never face having to actually work let alone pay the majority of taxes that the rest of us do.@@joemccaughey6523
@@danielryan2317 the person who earned it paid once. The person who inherits hasn't paid for it ,it's unearned income so it gets taxed. Why should the rich get continual tax free leg ups? The saxe cobergs should pay it as well on everything they have.
@Rookiescot yes, I was very clear that Sunak should have stepped down. Boris Johnson was forced to resign, Starmer should be more honorable and stand down before he is forced out. It is only a matter of time
@@aidan6557 it would stop his punishment campaign against the British people. TV's Jonathan Ashworth should be made a member of the house of Lords so that he can step in as PM
Farmers play a crucial role in keeping this country on track, and they deserve recognition and support for the work they do. Regardless of their financial standing, we should be rewarding farmers for their contributions towards making the UK more self-sufficient and ensuring a steady supply of locally-grown food. Farming is physically demanding and requires immense dedication, regardless of weather or season. Most of us would find it hard to do what they do every day, and many would agree that a farmer’s wealth shouldn't matter - it’s about supporting the people who provide for us. Additionally, for those who acquire farmland with no intention of using it for agriculture, the government could introduce policies to ensure land remains for farming and doesn't become a vehicle for tax avoidance. We need solutions that keep farmers motivated and committed, ensuring the high-quality British products we value are available in stores. Let’s support our farmers so that protests and disruptions don’t become a necessity - it's in everyone's best interest to see them thrive..... the exception is the Labour Party!
My husband is a farmer and haulier. He works 6 days a week, 7 during busy periods. Even on a sunday every week, he gets up early to load lorries to send wheat to the flour mills. He works extremely hard, misses family gatherings , holidays and time with his children. He doesn’t earn a fortune, but he certainly earns every penny he gets. We will be in London next week!
@@cazfloss1990 You have my support and I am sure many others too. I really do hope the government backtracks on the inheritance policy, and other insane tax policies impacting businesses. This Labour! thinks they can just throw money at something, tax more and it will fix problems. Without any sort of reform, negotiation, discussion. Lets just tax tax tax and hope for the best.
@@JasonChan-f2j Thank you. This tax grab from the farmers will have a huge negative effect on everyone in this country, not just the farmers themselves!
@@priscillaroberts7945 lets hope the government does what is right by taxing these specific individuals or corporations, and not bundling genuinely hard working farmers regardless whether they are wealthy or not into one bucket along with tax dodgers. There is plenty of information the Government can use to make this distinction, I presume the reason why they don't is because it is not the majority that purchases to tax dodge. It would be good to see data against this, but there isn't anything publicly available.
farmers - MAKE IT HAPPEN. This is the ONLY way this government will listen. They do not understand and they are ignorant. Until they actually see the effects they will not back down because they think they are so right.
Jeremy Clarkson has catagorically stated you can target those buy land to target tax, but don't target the family farms that have had farms for generations. Labour are a disgrace.
@@TheWebstaff So you want family farms, where families have owned the land for generations, to be sold off, because they can't now afford the inferentance tax, becase the wealth is the land and live stock... Selling it off to big corporations (that can afford it) who will, put investors profits over everything else, then take the money out the country and avoid paying tax in offshore bank accounts... That is a special kind of ignorance.
@@InAwOrLdOfIdIoTsleft thinking for you. If they talk about landlords, houses in their eyes shouldn’t be seen as assets but rather as homes. Someone who wants to give their children something so they can pass it down other generations, property is suddenly seen as assets and should taxed. Most hypocritical people going
@@TheWebstaff farming subsidies actually started in WW1 to boost food production. Every nation on earth usies subsidies to aid farming and industry.... except the UK, who has whittled down all subdises on things that matter.
The trouble is, the very rich farmers have managed to convince these new tax changes will affect all farmers when it won't. It will only affect the rich wealthy landowners who dodge paying their fair share of taxes.
Inheritance tax is disgusting and morally wrong imo. No matter how much more tax gets put up, what real difference does it make when so much is just given away out of this country
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Trump holds an ace card with the tariffs should he wish to place them on UK. He could use them to leverage change to the UK IHT to farmers and demand action against ministers who have bad mouthed him. Starmer should not underestimate Trump whos best friend is Nigel Farage. In this game of cards Trump holds the trump cards.
The Left always talk about a fair share in tax. If you have £20,000 taxable income (TI) pay £4,000 if you have £200,000 TI pay £40,000 that's fair. But Labour want a £200,000 TI to pay £100,000 which is nothing to do with fairness. It's like saying you should be more for a pint of milk if you earn more money.
As someone who is a tax specialist for over 2 decades I can categorically say ur simplistic analysis is far from the truth That fact of that matter is all the tax reliefs in this country mean the low income average Jo pays a high effective tax rate then the rich in this country who defer to other forms of income such as dividends, capital gains etc etc This is also the reason why clarkson was boasting a few years ago about how he bought farm land to avoid inheritance tax Let’s be honest - the inheritance tax change means a millionaire farmer will only pay 20% tax on his estate over 1.5million (so there’s an exemption 1.5million) Average Jo will pay 40% tax on an estate over 500k!!! Where is the fairness - let’s tax the rich and wealth as we do salary income in this country
@@itaz6276 I agree. What I can't get my head around is why some people are saying its £3M tax free before IT and others, like yourself are saying its £1.5M. Maybe there should be some simplistic information that can be sent out to Farmers so they understand if they are going to be affected or not? Additionally, given all IT is avoidable if you pay it down to your dependents more than 7 years before your death, I don't understand why they just don't do that if they know their children are going to inherit it anyway and they don't want the Gov to get any tax from it?
Who is this Kevin Mug?! Absolutely out of touch with farmers, coming from an area which was heavy with farms and farmers and they struggle to pay basic bills and it’s some of the hardest graft going…. Absolutely clueless saying it’s just rich landowners trying to avoid tax
Both wrong. The Ukraine/Russia "war" is just Political Theatre with real people unfortunately paying the price as usual. It's just a front for money laundering. Why else do you think all of these "wars" in the last 20 years just fizzle out. It's all about Oil and money.
Farmers can be Asset rich but cash poor. They're doing what they did to the landed gentry in the 60s and continuing today. Asset stripping by hitting them with a large inheritance tax bill, forcing them to sell off land, buildings & historic assets such as artworks.
@@tonggao08who said that? They said people who had old money (assets) that allowed them to avoid paying tax will now have to pay tax which is a good thing according to them. Well that's my take.
Farmers bite the hand off people offering money to build on good agricultural land , we haven't been self sufficient in food since before the ww1 and it won't change. @@tonggao08
Kevin Maguire knows not of what he speaks. People are paying half a million for a three bed semi in the South of England, let alone a small holding or larger property. Jeremy Clarkson is a much needed voice for farmers. It matters not why he bought his farm originally, nor whether he is directly affected or not. He has become a spokesperson for the hard hit small farmer and they will rally behind him.
There are two narratives here. 1. It will affect only the richest farmers 2. It will affect all farmers. In both cases somebody has to die before it affects anybody. Can farmer to spouse / son / daughter transfer of the farm not be done while everybody's alive? Just asking.
Don't be bitter be better,,,he has earned it/I've got a ladder here if you want so you can get over that big jealous wall that you can't get over #😂😂😂😂
@jasongracey6589 jealous of what someone with an inflated ego loads of money funded by the public paying for a TV licence and a bully who should have been jailed for attacking one of his bosses suppose you support that stuff
That is SO not true about 'if you're lucky enough to pay inheritance tax, you're doing very well'!!! We had to pay £100k inheritance tax on my aunt's estate as she had no children to pass it on to and her house was valued at £325. All her money had been hard earned as a teacher and she had been very careful with it as any responsible person would be. Utter twaddle about being 'lucky' to be in the 6% of people who pay it!! I have friends who have had nothing to pay even though they have inherited a lot of money from much richer relatives because of loopholes and clever accountants!!
i'm afraid you're wrong. £325k is the personal allowance and is not treated for inheritance tax. any sum above this is then 40%. so if it was the above amount then zero would have been taxed. if it was £500k then the tax payable would be approx £80k (couldn't be bothered to do the calculation).
So many comments about the importance of food and putting our nation first and how clueless Labour are. Pause and consider for a moment the monumental stupidity of farmers voting for Brexit. Tories and farmers are not in a position to lecture.
@@MattF502 Clueless as the Clowns who secured the fantastic trade deals with Oz and Nz. Can we explain the Brexit benefits of those? Go on I dare you……
Never met a poor farmer, never mind what all the generic first name generic last name 4 numbers squad want you to think when they parrot propaganda for the elite
@16.08, getting something for nothing…. Don’t think so Kevin, that’s like saying when you pop your cloggs and pass on your inheritance to your children/family that they’re getting something for nothing.
So when the boat arrives next week and your hungry this week what are you going to do,country has no money and you want to get rid of more sterling for another countries benefit
Kevin Maguire 16:25 the loaded people that have been buying land are not farmers, yes prices have skyrocketed but now the small family farm is being valued at much much higher prices yet the small farmer has no where near the income to pay this extortionate inheritance tax on vastly over valued land and assets
I’m a Brit living in the states and I’m married to a Puerto Rican and I can assure you that the British royals are very popular in the Latino/hispanic communities
The Ukraine lost this conflict a year or more ago! The only thing keeping them going is E.U. NATO, FRENCH, BRITISH, AMERICAN, GERMAN, POLISH..keeping this war going.. & remember it was America that started this problem in 2014..
My GPs back room staff have quadrupled.....and the actual gp appointments have fallen...how does that work then? must be all those texts they keep ending to me.....for wellness clinic, flu and c jabs etc etc........i MUST have blood pressure checks....really?..nope...ill go when i need to . asuming I can get an appointment!
Always remember, a tax is when the government thinks it can spend your money better than you can yourself! What is the government going to do with that money that beats eating?
Nobody mentions farms also get naturally degraded by having more than 1 child, devorce, suicide? there’s a lot of other factors that are shutting farms down.
Every farmer complaining about inheritance tax should declare what his farm is worth publicly and how much millions he’s trying to save by avoiding tax Also show what the tax would be if he was taxed like everyone else is on inheritance tax without the 50% relief and higher exemption thresholds on farms
@ why They are business like others If they hand over to the next generation and live 7 years they have nothing to pay Iv seen to many older farmers holding the business back frustrating their children who work with little or no pay with no input into the business They inherit the farm in their 50’ and have lost their mojo The most successful farmers I know have taken over the farm in their 20’s sometimes due to unfortunate circumstances but drive the business forward !!!!
We do not "celebrate" Armistice Day; it is a day of remembrance not celebration!
People like Maguire and Reid are exactly why the UK will do a " Donald Trump" in 4 years time.
We did with liz truss. It failed
@@GRUMPY0254 no we won't.
@@coderider3022 Nah, ANY cons were and are as bad as liebore....We're talking a REAL 'Donald Trump'......Reform!!
@priscillaroberts7945 £10 says we do. This rotten corrupt bunch of crooks are hated universally by everyone other than their fanatical far left cronies.
@@priscillaroberts7945 Who knows, but it won't be the entitled middle-classes such as you who get to decide.
Kevin Maguire we don’t need you but the nation needs Farmers!
I agree, the nation does need farmers who pay their taxes
Hes so out of touch
Maguire is a clueless labour puppet
He’s right on the farmer issue.
He is very adept at trotting out the party line, less a journalist and more like listening to a government spokesperson.
Whatever his role is supposed to be it’s not adding anything to the program other than just like listening to a party political broadcast by the Labour Party. He is also starting to talk over everybody else. I reckon he’s getting help with briefing for this, he is on a mission.
@@coderider3022 he isnt
@@chrisfigures6756 yes he is and HM treasury agree with me.
I don't think he's right. Farm machinery can easily come to £1m, so too many vital family farms will get caught. The problem may not show for 20 years or so, a bit like selling all our gold, auctioning mobile phone spectrum or opening up borders. It takes years before the effects are realised.
I absolutely support the farmers.
So you are ok with the farmers effectively striking and we the people have no food on our tables?
Yes. If this doesn't change, you won't have food on the table, or any farms. Good luck relying on hostage trade deals to get fed when we have abundant perenial grassland to produce it ourselves@@neilgroves534
Even all the ones paying illegal and legal migrants cash in hand?
I guess ur a farmer then cos no one else feels sorry for millionaires having to pay 20% inheritance tax on farm assets when everyone else is taxed at 40%
These millionaire farmers are disgusting considering that the average jo for decades now has only had a 500k threshold for inheritance tax and anything over is taxed at 40%
This pathetic lot are throwing a tantrum despite the fact that they have a 1.5 million threshold (500k that everyone gets and 1m specifically for farm assets) and then only get inheritance tax at 20% above that !!! Compared to everyone else’s 40%
It’s about time we taxed wealth equally
The arrogance with which Kevin Maguire puts forward his naïve and outdated views is astounding.
Typical socialist, lives in Richmond, no Labour run borough for super lefty Kev.
Yes 'we don't need farmers,we get our food at the supermarket' should be the Maguire 'war-cry'
What I can't understand is how Kevin Maguire walks the streets without being harassed I wish he lived near me.
Well-lll-!!! He's editor of a tabloid, what do you expect! They're all thick! And what they don't know they make up! 🤷😁🙏⚖️🙏
Be specific in your objection to his "naive view" otherwise there's no argument. . About farmers you mean ?
Farmers should stop all food and alcohol going into the Houses of Parliament!!
Absolutely why should we ay for that after what they've done to the pensioners it's time it stopped .where else does a working person get this perk
And refuse them entry to supermarkets etc
Most of it comes from the EU.
@@sylviaduffin4812
All their food and alcohol is subsidised. Their heating bills are paid on second homes and yet they’re happy to short change the rest of us.
Ok
We don't need politicians, but we need farmers.
still need to pay tax an they hardly going to pay anything
We need farmers more than the labour government,if you can call them a government,I am with the farmers 💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯
no farmers need to create more sustainable ways of farming just dumping fertilizer on it when only 20% gets absorbed is what is killing the world and the soil
@@eileenpritchard9154going to be a miserable 5 years for you both then
Here here, well said
Labour are clueless
Because they all went to public school!
Private school ftw!
That's why they put Vat on private schools. They know they make better politicians!!
That’s Reform voters. Most are thick as mince.
Maguire is sadly how Labour voters think and exactly why the Labour Gov felt comfortable with this policy. They know their base have never met a farmer and think they're all rich.
Mathewdsouz Clarkson’s not a farmer he’s only in it for the tax dodge ! 1984 ! Look it up farmers paid inheritance tax before then ? Wasn’t that around the time of poll tax ? Work it out ! If farmers don’t like it move on there are others want the job for life
@@nickryder9669Congratulations this is the most clueless comment I have read. Very impressive
@@reubenjuster627 he's right about 1984 though, it's likely that there's two cases here the Clarkson's etc al (regular dinner parties with David Cameron remember!) who are basically dodging valid tax and actual family farms that were on the edge... Notice how hard your fans work to confuse the two... That's who you know is pulling your strings!
I've never met a poor farmer in England yet
@@thestreets5206 it's quite difficult when you never leave the confines of the M25 but I'm sure you've flown over a few.
Oh my god, he has no idea about farms! What a muppet!
He has no idea, full stop.
I'll bet Miss Piggy does, though? And Kermit.?....maybe French farmers.
He has no idea about anything
He pointed out how greedy farmers are!
@@ankhmorpok1497 I’m assuming you don’t know many!
Power to the farmers.
What? Have they been disconnected for non-payment?
They are all down to their last 3 Range Rovers.
Shut up Maguire.
Small farmers are NOT WEALTHY !
THEY LIVE QUITE FRUGALLY.
@@joysynmonds9082 well then why are u crying
Farmers that are worth less than 3million won’t have to pay any tax
The change in law is for farming worth over 3 million (1.5milluon each for a married farm couple) .. only those farms worth over 3million will pay inheritance tax
So if they’re not wealthy, they have nothing to worry about
If they’re throwing a tantrum then u know it’s cos they’re wealthy
@@itaz6276 paying more tax for deadbeats to live on benefits, get motability cars, live in social housing. Not to mention illegal immigrants draining the system as well and they haven't ever payed anything towards the state 🤦
@@itaz6276 It is a bit like the ULEZ debate again . Only one in ten vehicles affected but the way it was reported was that it affected everyone.
@@itaz6276Almost every farm is worth more than that. But it's not cash in the bank of the farmer. It's in machinery, buildings, the land. 500 acres sounds a lot but it's about the smallest a farm can be to make even 50 or 60 grand profit. Supermarkets pay a pittance and foreign imports of food that can be grown here means british farmers get even less. To pay the bill while still making literally any money ( most of which goes back into the farm ) means most farmers will have to sell productive food producing farm land that will then be taken out of food production, because no one will be able to make money on it.
Just the equipment and fertiliser and fuel costs alone take over a million to pay for. Then the land ,then the house, then any livestock , buildings ....it all adds up to far more than 3 million in value.
They literally cannot afford to pay that tax bill and still have a viable business, not even over 10 years of paying.
I know how to grow food. I'll be hungry if they strike but not half as hungry as you.
You DO NOT bite the hand that literally feeds you every day.
The country will stand behind the farmers 💯 Starmer your beaten in everything you’ve done from the first day in office, and it’s getting worse by the day, the polls are showing just what the country thinks of this government 💥
@@Georgie-G58 dream on.
I won’t. They’re millionaires wanting to get away with paying taxes - like the rest of the millionaires in this country. Apparently only poor people should have to pay taxes.
There were difficult decisions to be made . Where is the money supposed to come from ?
Can’t blame the farmers one bit!
I agree. We can blame them a whole lot.
they voted Brxit and rightfully feeling the consequences now.
Kevin really has no idea on the value of farms, £1M would buy you ~20 acres with a house on it, that's a small holding for self sufficiency, not a farm that provides an income. There is a piece of farm land opposite where I live, I got a copy of the deeds as it is leased and the lease is up next year and I was looking to get into small scale farming, that land in 2005 was already valued at £1M, way before the likes of Dyson and his ilk started buying up land as a tax dodge.
The whole country will rally behind the farmers.
I won't ,lve heard hundreds of farmers pleading poverty,but never met one,l will have their poverty over mine
@
It’s a pity you don’t understand the long term consequences of IHT on farmers. Starmer does and he would like us to go over to Soviet style collectives.
The farmers are òut standing in their fields 😅
@@gordonaliasme1104 Wait until you cannot buy your roast or veggies for your weekend family get-together!
@@terryloftus8626Do you work an average of 80 hours a week like farmers do? They're asset rich but cash poor. Unless they sell their farms they're not rich at all. You have no idea but you will be moaning when there's no food in the shops.
All the wonderful veterans that are going to freeze under this disgusting government shame on them
Poppy propaganda working on you!
What opposed to all the one that froze under tory autesty?
Some will and it is disgraceful . I bet some used foodbanks under the last Gvt and not much outrage then ,.
Why should you pay tax on what you own to give it away to others
Because generational wealth can be levied to rent seek, which doesn't help society in the slightest
Refer to the royals holding the MOD, NHS and leasehold homeowners at ransom by way of land tax
Land that they are not actually obligated to maintain
They just get money for having money
It really makes me laugh. Having worked for a very wealthy man, ex London Barrister, buddies with politicians who like many like him know how to work the system and hide their assets, register a business as a charity to avoid tax etc etc…that people think Farmers have any large sums of inheritance cash worth of this fuss. The people who the Government should be going after…are themselves and their buddies….this is just pocket change compared to the hidden assets out there thanks to clever tax avoidance, and they know that.
It's exactly the same as Tax thresholds being more strict now for Sole Traders, Small businesses and even people who casually sell on Ebay etc…it's all pocket change compared to money the more wealthy people are hiding, but we are penalised because we can't do squat about it. Same old Politician shenanigans.
Kevin Maguire thinks its still 1975!!!!
After 2/3 generations of supplying beef and jersey milk in the UK, my father has sold all his dairy cows & beef cows as theres no profit in it! Now inheritance tax rules! This is a disgrace that needs to be addressed ASAP!
Did you vote for Brexit?
You're sitting on millions in land.
No sympathy for you. Pay your taxes like the rest of us.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
As I have gotten older and learnt more about the world I've come to realize that Kevin Maguire genuinely doesn't have a clue about anything in the real world and outside of his bubble in London.
Well he writes for the Daily Mirror. A rag that is only good for wrapping your used tea leaves in.
A socialist invites a socialist to Paris big deal
Socialist meaning FREE NHS ,you don't like that then?
What n h s got to do with going to Paris
@@terryloftus8626 The worst health care in the Western world yet the most expensive.
Macron a socialist? Starmer a socialist is thin at best I suggest reading some actually political theory books
@@terryloftus8626 lol typical socialist...nothing is free..someone pays for it...the amount of waste of funds going into the NHS is a joke...the standards of healthcare is a joke...typical government institution...no competition so incompetence is everywhere
Someone like Clarkson getting seriously involved spells big trouble for Labour.
Clarkson 🤣🤣🤣🤡
Clarkson is a chancer he said he would leave the country if labour got in.why is he still here.
@@harrywalsh677 Clarkson has done more for farmers than any of the muppets in Westminster.
I had given up on him when he assaulted an employee .
Kevin Maguire has not got a clue! he's talking out of his rectrum on everything, especially farmers. Despite the Government saying 78% of farmers will be exempt, the NFU, and many other researchers have stated that actually 72% of family farms will be hit by these rule changes.
Kevin Maguire is typical of the Labour louts who are in power, doesn't do his homework, and looks at those who have worked hard to get what they have with envy, thinking the world owes them something.
I agree; and how Maguire laughs and scoffs is cringe-worthy. He's a totally obnoxious member of a totally obnoxious party!
Maquire has not got a clue about farming, keep your big gob shut about something you know nothing about LABOUR LOVER
He knows the inheritance tax does not affect the vast majority of farms. Only the huge land owners. What was that about big gobs and knowing nothing? Why should the hugely wealthy be allowed to get away with paying far less than ordinary people?
@@Rookiescot Inheritance tax is just fraud anyway, paying tax on items that have already had tax paid on them.
But not paid by the people who will inherit and live off them. Bit like the royals who never face having to actually work let alone pay the majority of taxes that the rest of us do.@@joemccaughey6523
Who pays for something twice, no one so why should they
@@danielryan2317 the person who earned it paid once. The person who inherits hasn't paid for it ,it's unearned income so it gets taxed. Why should the rich get continual tax free leg ups? The saxe cobergs should pay it as well on everything they have.
This is unsustainable, Starmer must resign for the sake of the country and the party
Were you saying the same about the conservative prime ministers? After all they caused the mess we are currently in.
Reform man spotted
@Rookiescot yes, I was very clear that Sunak should have stepped down. Boris Johnson was forced to resign, Starmer should be more honorable and stand down before he is forced out. It is only a matter of time
Where tf is this coming from. What would his resignation accomplish
@@aidan6557 it would stop his punishment campaign against the British people. TV's Jonathan Ashworth should be made a member of the house of Lords so that he can step in as PM
13mins of drivel to get to the title! Maguire is a joke
Farmers play a crucial role in keeping this country on track, and they deserve recognition and support for the work they do. Regardless of their financial standing, we should be rewarding farmers for their contributions towards making the UK more self-sufficient and ensuring a steady supply of locally-grown food. Farming is physically demanding and requires immense dedication, regardless of weather or season. Most of us would find it hard to do what they do every day, and many would agree that a farmer’s wealth shouldn't matter - it’s about supporting the people who provide for us.
Additionally, for those who acquire farmland with no intention of using it for agriculture, the government could introduce policies to ensure land remains for farming and doesn't become a vehicle for tax avoidance. We need solutions that keep farmers motivated and committed, ensuring the high-quality British products we value are available in stores. Let’s support our farmers so that protests and disruptions don’t become a necessity - it's in everyone's best interest to see them thrive..... the exception is the Labour Party!
My husband is a farmer and haulier. He works 6 days a week, 7 during busy periods. Even on a sunday every week, he gets up early to load lorries to send wheat to the flour mills. He works extremely hard, misses family gatherings , holidays and time with his children. He doesn’t earn a fortune, but he certainly earns every penny he gets. We will be in London next week!
@@cazfloss1990 You have my support and I am sure many others too. I really do hope the government backtracks on the inheritance policy, and other insane tax policies impacting businesses. This Labour! thinks they can just throw money at something, tax more and it will fix problems. Without any sort of reform, negotiation, discussion. Lets just tax tax tax and hope for the best.
@@JasonChan-f2j Thank you. This tax grab from the farmers will have a huge negative effect on everyone in this country, not just the farmers themselves!
The majority of farm land is owned as a tax dodge by immensly wealthy people who never sully rheir hands with anything resembling farm work.
@@priscillaroberts7945 lets hope the government does what is right by taxing these specific individuals or corporations, and not bundling genuinely hard working farmers regardless whether they are wealthy or not into one bucket along with tax dodgers. There is plenty of information the Government can use to make this distinction, I presume the reason why they don't is because it is not the majority that purchases to tax dodge. It would be good to see data against this, but there isn't anything publicly available.
farmers - MAKE IT HAPPEN. This is the ONLY way this government will listen. They do not understand and they are ignorant. Until they actually see the effects they will not back down because they think they are so right.
Were you behind striking nurses and doctors as well then as they are also essential workers?
You need to sack Narinda Kaur.
Jeremy Clarkson has catagorically stated you can target those buy land to target tax, but don't target the family farms that have had farms for generations.
Labour are a disgrace.
Who is this Clarkson? A ,mouth on a wallet?
So as long as you've always been wealthy that's ok?
Keep the old money going?..
@@TheWebstaff So you want family farms, where families have owned the land for generations, to be sold off, because they can't now afford the inferentance tax, becase the wealth is the land and live stock...
Selling it off to big corporations (that can afford it) who will, put investors profits over everything else, then take the money out the country and avoid paying tax in offshore bank accounts...
That is a special kind of ignorance.
@@InAwOrLdOfIdIoTsleft thinking for you. If they talk about landlords, houses in their eyes shouldn’t be seen as assets but rather as homes. Someone who wants to give their children something so they can pass it down other generations, property is suddenly seen as assets and should taxed. Most hypocritical people going
@@InAwOrLdOfIdIoTsGet rid of inheritance tax but for everyone not just wealthy landowners
Food security should be a high priority for any gov and should be helping farmers not trying to destroy the industry.
They did quite well under the EU.. all those lovely subsidies..
@@TheWebstaff farming subsidies actually started in WW1 to boost food production. Every nation on earth usies subsidies to aid farming and industry.... except the UK, who has whittled down all subdises on things that matter.
They are Globalists though…...
Abolish the inheritance tax, together….that’s the fix.
Ah yes... Well Clarkson himself admitted in a newspaper column that he bought land to avoid inheritance tax for his kids... 😂
STOP GIVING MCGUIRE ANYMORE AIRTIME
Dont you support free speech then ?
The trouble is, the very rich farmers have managed to convince these new tax changes will affect all farmers when it won't. It will only affect the rich wealthy landowners who dodge paying their fair share of taxes.
Inheritance tax is disgusting and morally wrong imo. No matter how much more tax gets put up, what real difference does it make when so much is just given away out of this country
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
It's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Evelyn Vera. for years and highly recommend her I focus on him. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I would really love to know how much work you did put in to get to this stage.
all decent people with morals are with the farmers ,
I hope the farmers shut the country down It might get this government out
Trump holds an ace card with the tariffs should he wish to place them on UK. He could use them to leverage change to the UK IHT to farmers and demand action against ministers who have bad mouthed him. Starmer should not underestimate Trump whos best friend is Nigel Farage. In this game of cards Trump holds the trump cards.
Also best friend of working people in the UK TOO!
@@johnpearson467oh yes I totally agree with that statement.....
The Left always talk about a fair share in tax. If you have £20,000 taxable income (TI) pay £4,000 if you have £200,000 TI pay £40,000 that's fair. But Labour want a £200,000 TI to pay £100,000 which is nothing to do with fairness. It's like saying you should be more for a pint of milk if you earn more money.
tax on £20k is as follows: £12k untaxed. £8k taxed at 20% which is £1.6k.
As someone who is a tax specialist for over 2 decades I can categorically say ur simplistic analysis is far from the truth
That fact of that matter is all the tax reliefs in this country mean the low income average Jo pays a high effective tax rate then the rich in this country who defer to other forms of income such as dividends, capital gains etc etc
This is also the reason why clarkson was boasting a few years ago about how he bought farm land to avoid inheritance tax
Let’s be honest - the inheritance tax change means a millionaire farmer will only pay 20% tax on his estate over 1.5million (so there’s an exemption 1.5million)
Average Jo will pay 40% tax on an estate over 500k!!!
Where is the fairness - let’s tax the rich and wealth as we do salary income in this country
@@itaz6276 I agree. What I can't get my head around is why some people are saying its £3M tax free before IT and others, like yourself are saying its £1.5M. Maybe there should be some simplistic information that can be sent out to Farmers so they understand if they are going to be affected or not? Additionally, given all IT is avoidable if you pay it down to your dependents more than 7 years before your death, I don't understand why they just don't do that if they know their children are going to inherit it anyway and they don't want the Gov to get any tax from it?
@ 3 million if there’s a couple (ie married people)- 1.5m each
These same farmers voted to leave the EU .Moral of the story is You Reap What You Sow .
Kevin Maguire is such a ghoul that he'd rather thousands more die than have his own ideology challenged.
Power to the farmers' Totaly behind them..
Who is this Kevin Mug?! Absolutely out of touch with farmers, coming from an area which was heavy with farms and farmers and they struggle to pay basic bills and it’s some of the hardest graft going…. Absolutely clueless saying it’s just rich landowners trying to avoid tax
If Zelenski had have given up 3 years ago thousands and thousands and thousands of lives would have been saved.
Yet if Putin hadn’t have invaded a neighbouring country thousands and thousands and thousands of lives would have been saved🤔
and so would it have been is some one had got rid of Putin.
Both wrong. The Ukraine/Russia "war" is just Political Theatre with real people unfortunately paying the price as usual. It's just a front for money laundering. Why else do you think all of these "wars" in the last 20 years just fizzle out. It's all about Oil and money.
You think!
True , mind you Putin might then have carried on into Moldova , Estonia , Latvia , Lithuania and Poland .
I absolutely stand with the farmers! Do your worst to this clueless Government.
Farmers can be Asset rich but cash poor. They're doing what they did to the landed gentry in the 60s and continuing today. Asset stripping by hitting them with a large inheritance tax bill, forcing them to sell off land, buildings & historic assets such as artworks.
Good.
@@priscillaroberts7945 why do you think it is good to undermine food resilience further?
@@tonggao08who said that?
They said people who had old money (assets) that allowed them to avoid paying tax will now have to pay tax which is a good thing according to them.
Well that's my take.
Farmers bite the hand off people offering money to build on good agricultural land , we haven't been self sufficient in food since before the ww1 and it won't change. @@tonggao08
The Royal Family needs to start paying this tax
They pay tax
They do
@@Sodoff-c2bonly selectively on taxes they choose carefully that don't affect them overmuch .
Charlie should give his wage rise iof 35 million quid to the pensioners .I'm sure all the right wing voters will agree with me .
@@priscillaroberts7945They pay 75 - 85% on the Crown Estates it made £1.1 billion last year, I'll let you do the maths.
This is the Labours pole tax they are going to get hammered
The extra money for schools and the NHS has barely been mentioned by the press .
Kevin Maguire knows not of what he speaks. People are paying half a million for a three bed semi in the South of England, let alone a small holding or larger property. Jeremy Clarkson is a much needed voice for farmers. It matters not why he bought his farm originally, nor whether he is directly affected or not. He has become a spokesperson for the hard hit small farmer and they will rally behind him.
Thank you, from a farmer. We really appreciate the support of the British public. We'll be there on the 19th
There are two narratives here. 1. It will affect only the richest farmers 2. It will affect all farmers. In both cases somebody has to die before it affects anybody. Can farmer to spouse / son / daughter transfer of the farm not be done while everybody's alive? Just asking.
How many of those veterans losing winter fuel payment Labour should be ashamed 😕
and those that use foodbanks and have under the last Gvt .
Starmer is the, "Antifarmer ". 66.6 percent of farms could be effected. 😅
maguire is clueless and outdated, time for him go, and is that blue shirt the only shirt he has 😂😂
Poor old Clarkson only worth aboug 40 million
Don't be bitter be better,,,he has earned it/I've got a ladder here if you want so you can get over that big jealous wall that you can't get over #😂😂😂😂
@jasongracey6589 jealous of what someone with an inflated ego loads of money funded by the public paying for a TV licence and a bully who should have been jailed for attacking one of his bosses suppose you support that stuff
Support the farmers 100% but they must be careful not to turn the public against them.
Support the Farmers.
We respect the farmers ❤❤
Maybe the royal family should stop profiting from war.
Just think of all that lovely prime agricultural land they can get for their cheap building projects.
Reid was quite fit twenty years ago, these days she’s a double-bagger.
That is SO not true about 'if you're lucky enough to pay inheritance tax, you're doing very well'!!! We had to pay £100k inheritance tax on my aunt's estate as she had no children to pass it on to and her house was valued at £325. All her money had been hard earned as a teacher and she had been very careful with it as any responsible person would be. Utter twaddle about being 'lucky' to be in the 6% of people who pay it!! I have friends who have had nothing to pay even though they have inherited a lot of money from much richer relatives because of loopholes and clever accountants!!
i'm afraid you're wrong.
£325k is the personal allowance and is not treated for inheritance tax.
any sum above this is then 40%.
so if it was the above amount then zero would have been taxed. if it was £500k then the tax payable would be approx £80k (couldn't be bothered to do the calculation).
cry much?? 🤣😂
@@neilgroves534 what about?
correcting someones arithmatic?
then no, you?
@@aethellstan I was replying to Carolynclare
@@sueburgess847 yep, just one of thousands of laws that don't apply to them.
So many comments about the importance of food and putting our nation first and how clueless Labour are.
Pause and consider for a moment the monumental stupidity of farmers voting for Brexit.
Tories and farmers are not in a position to lecture.
You are clueless.
@@MattF502 Clueless as the Clowns who secured the fantastic trade deals with Oz and Nz. Can we explain the Brexit benefits of those? Go on I dare you……
Never met a poor farmer, never mind what all the generic first name generic last name 4 numbers squad want you to think when they parrot propaganda for the elite
Yeah I bet you have
8:13 GMB hasn't covered the recent royal funding scandal
Wanna talk about royal funding scandal, google "Bona Vacantia"
We need our farmers!!!!!
Maguire is out of time, a relic from the 1970's
We need our hard working farmers and they should be able to pass down their farms to younger family
@16.08, getting something for nothing…. Don’t think so Kevin, that’s like saying when you pop your cloggs and pass on your inheritance to your children/family that they’re getting something for nothing.
👍trump 👍reform reform reform all the way please dont split the vote 👍👍👍👍👍👍👍👍👍👍👍
We need farmers, we don't need politicians or comments from London based journalists who have no idea about rural life.
We could give Ukraine thousands of fighting age men, we have hotels full of them, desperately wanting paid employment.
So what. We can import the goods, no doubt at a cheaper price.
So when the boat arrives next week and your hungry this week what are you going to do,country has no money and you want to get rid of more sterling for another countries benefit
The farmers should blockade the ports and central london until this government resigns.
It works in France!
I think labour could get past cold payments for pensioners but destroying farmers lives could be the last straw
They talk about the cost of war but they don't talk about the profits of war do they!
Kevin Maguire 16:25 the loaded people that have been buying land are not farmers, yes prices have skyrocketed but now the small family farm is being valued at much much higher prices yet the small farmer has no where near the income to pay this extortionate inheritance tax on vastly over valued land and assets
I’m a Brit living in the states and I’m married to a Puerto Rican and I can assure you that the British royals are very popular in the Latino/hispanic communities
Farage as US ambassador? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Shut up Kevin. Protect the farmers who produce our food. IHT is fabulously unfair. Just look at land prices & house prices.
No inhertance tax for anyone!
Why are farmer special!
They feed you unless of course you grow your own food then that's fair enough
The Ukraine lost this conflict a year or more ago! The only thing keeping them going is E.U. NATO, FRENCH, BRITISH, AMERICAN, GERMAN, POLISH..keeping this war going.. & remember it was America that started this problem in 2014..
i'm sure this could have been avoided, but there was no will to avoid it.
The DUP laid a wreath.....so stop trying to justify it
My GPs back room staff have quadrupled.....and the actual gp appointments have fallen...how does that work then? must be all those texts they keep ending to me.....for wellness clinic, flu and c jabs etc etc........i MUST have blood pressure checks....really?..nope...ill go when i need to . asuming I can get an appointment!
I back Farmers NOT Starmer
Maguire continue to weasel.
Honestly this panel and presenters sneer with so much arrogance. MSM is dying before our eyes. Awful
Always remember, a tax is when the government thinks it can spend your money better than you can yourself!
What is the government going to do with that money that beats eating?
I do feel sorry for the millionaire farmers.
The only royal member that Trump dislikes is Prince Harry.
Nobody mentions farms also get naturally degraded by having more than 1 child, devorce, suicide? there’s a lot of other factors that are shutting farms down.
Why not have a government policy that does it too? Lunatics who don't understand the countryside will be the ruin of the uk
Every farmer complaining about inheritance tax should declare what his farm is worth publicly and how much millions he’s trying to save by avoiding tax
Also show what the tax would be if he was taxed like everyone else is on inheritance tax without the 50% relief and higher exemption thresholds on farms
James Dyson owns 37,000 acres to avoid paying inheritance tax
Ok, but that doesn’t mean farmers who produce our food should be hit with this tax.
@ why They are business like others If they hand over to the next generation and live 7 years they have nothing to pay Iv seen to many older farmers holding the business back frustrating their children who work with little or no pay with no input into the business They inherit the farm in their 50’ and have lost their mojo The most successful farmers I know have taken over the farm in their 20’s sometimes due to unfortunate circumstances but drive the business forward !!!!
The £3 million threshold is a lie
you cant get to see a GP now this is going to just going to get so bad well done to all that voted for this lot