Reform UK leader Nigel Farage has claimed Shadow Chancellor Rachel Reeves is in a "more precarious position" than Labour leader Keir Starmer ahead of today's farmers' protest in London.
Speaking to GB News, Nigel criticised Reeves' Budget for "denting confidence in the UK economy" and targeting farmers with "sums that don't add up."
He called for the complete abolition of inheritance tax, describing it as "death taxes."
"Whatever level you're at, I think inheritance tax, or more accurately, death taxes, should be abolished outright," Nigel told Eamonn Holmes and Ellie Costello.
Nigel Farage says Rachel Reeves's woes could be compounded
GB NEWS / PA
Farmers are staging another tractor protest outside Parliament today against Labour's proposed inheritance tax changes.
The rally comes as MPs debate an e-petition with over 148,000 signatures calling to maintain current inheritance tax exemptions for working farms.
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Rachel Reeves has targeted pensions and farmers with inheritance tax changesGB NewsLabour has confirmed it will not reverse its plans to introduce a 20 per cent inheritance tax rate on farms worth more than £1 million.
The changes, announced in the Budget, are set to come into force in April 2026.
The new rules will end an existing exemption that allowed family farms to be passed down without paying inheritance tax.
The Reform UK leader argued that current inheritance tax rules have distorted land values, citing examples of wealthy investors exploiting loopholes.
Nigel Farage joined Eamonn Holmes and Ellie Costello on GB News
GB NEWS
"Some big billionaires have bought up vast tracts of Lincolnshire, pushing land prices up to £25,000 an acre, because there has been an inheritance tax loophole," he told GB News.
He warned the proposed changes would have wider implications beyond agriculture.
"The new proposals don't just affect farmers, they affect family businesses as well, and it's just yet another reason why people are selling up and leaving the country," he said.
Joining protesters in London, Nigel rallied support for the farmers' cause.
"The family farm should not be driven out of existence. Politically, I think we can win this," the Reform UK leader told demonstrators.
He insisted that "MPs need to listen" to the farmers.
Nigel expressed optimism about the protest's potential impact, suggesting there "are some wins" that could be achieved through continued demonstrations.
"The whole thing is monstrous!" he declared, referring to the inheritance tax changes affecting both farms and family businesses.
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