Farms worth more than about $1.3 million will face an estate tax from 2026, ending a previous exemption and prompting anger in some rural communities.

Rachel Reeves dug in against farmers heading to London for large-scale protests over controversial changes to inheritance tax. The Chancellor and Environment Secretary Steve Reed issued a joint statement ahead of what was expected to be demonstrations in the capital by as many as 20,000 farmers, possibly even more, outside Parliament.