Budget Media Watch: Farming IHT U-turn looks less likely

During a Liberal Democrat Opposition Day debate this week (October 21), farming minister Stephen Morgan said that the government's position was "now settled", according to a Farmers Guardian report. Morgan was responding to a question from Liberal Democrat MP for Newbury Lee Dillon, who queried how a farm in his constituency making just £18,000 in annual profit could face an IHT bill of £650,000, according to the report. Morgan's now settled comment came with chancellor John Healey gearing up to deliver his inaugural Budget, set for 28 October. In then chancellor Rachel Reeves' fir...