A farmer has expressed his concerns for "further action" from the Labour Government ahead of their Spring Statement, following their inheritance tax raid on agricultural workers.
Chancellor Rachel Reeves will deliver her Spring Statement in the House of Commons shortly, which has been predicted to slash welfare benefits and increase defence spending.
Farmers have been protesting in recent months against Labour's raid on their assets, with some branding it the "death tax" and a "threat to food security" in Britain.
Speaking to GB News, farmer Simon Bainbridge expressed his fears of further policies against the industry, highlighting that it is already a "really concerning time" for them.
Farmer Simon Bainbridge expressed his concerns for Labour's Spring Statement amid the Government's inheritance tax raid
GB News / PA
Bainbridge explained: "I think there's a lot of concerns. I think farmers are almost feeling a perfect storm. We've had obviously the most recent changes, the 30 minute warning of the SFI24 (Sustainable Farming Incentive) being closed.
"We've got threats of fertiliser taxes and feed taxes for livestock, we've got changes to BPR (business property relief) also the inheritance tax changes, and I think it's just a really concerning time for farmers."
Emphasising the uncertainty farmers face under Labour's Government, Bainbridge added that they "don't know what's coming next" ahead of Reeves's next fiscal announcement.
He told GB News: "I think generally over the years, policy had been quite steady and things were done over a number of years - so farmers knew kind of the direction they were going. At the minute, you just don't know what's coming next."
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Chancellor Rachel Reeves will announce her Spring statement in the House of Commons todayPA Delivering his verdict on the inheritance tax raid, Bainbridge warned that if Labour refuse to U-turn on the policy, it will be something that "hangs over farmers for years".
He stated: "It's a real worry, and I think generally farmers are very good - if there's something to fix, they'll go and fix it, put it to bed, they don't need to worry about it - but this is a real something.
"This is really going to be hanging over them for years. I talk to friends of mine, and we talk to neighbours and talk to different farmers. And they're really, really, really concerned, and it's weighing on their minds."
The Chancellor is expected to use her Spring Statement to announce around £15billion in welfare cuts, including a freeze on Universal Credit incapacity benefits for new claimants.
Bainbridge told GB News that farmers are 'really concerned' about their futures
GB News
Reeves has also been handed an unexpected boost ahead of her announcement, as new figures reveal that inflation dipped slightly in February from 3 per cent down to 2.8 per cent.
The Chancellor will tell Britons today: "This moment demands an active Government stepping up to secure Britain's future. A Government on the side of working people.
"To grasp the opportunities that we now have and help Britain reach its full potential, we need to go further and faster to kickstart growth, protect national security and make people better off through our Plan for Change."
