Labour’s 1bn tax bombshell to kill farms, Tories fear | Politics | News [Video]

Labour’s inheritance tax plans would be a disaster for family-run farms in Britain, a small rural business owner and a Conservative candidate fear.

Environment Secretary Steve Barclay has warned Labour is plotting to secretly unleash a bombshell £1billion inheritance tax raid on farmers.

Labour branded the claims “desperate nonsense” but refused to rule out scrapping inheritance tax relief for farmland when approached by the Daily Express.

And now Greg Smith, Conservative candidate for the new Mid Buckinghamshire constituency, has warned that if Sir Keir Starmer removed the inheritance tax lifeline it would “kill” family businesses in the UK.

Speaking to the Daily Express from a family-run diversified farm near the town of Princes Risborough, he said: “If we do get a Labour government and they do remove the inheritance tax relief, virtually every family-run farm in this country will die.

“Because there is no way those smaller farms could survive if they …