Your next breakfast might be one of the unexpected victims of Rachel Reeves’ recent Budget.
The cost of sausages could skyrocket after farmers were smacked with an inheritance tax on farms worth more than £1million, following the Budget unveiling.
Furious farmers have warned this could be the end of the family farm, and that ultimately, bangers-loving Brits will have to pay the price.
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Mo Metcalf-Fisher, from The Countryside Alliance, said: “Losing farms would be a catastrophe, we can’t risk undermining our own food security.
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“Costs for everyday British favourites like bangers could well be impacted as a result and we’d be relying more and more on foreign imports.”
The move has been widely slated, and has left Britain’s farming community reeling.
Conservative MP Charlie Dewhirst, who comes from pig farmer stock, said: “If farms are sold and it reduces food production then that could mean higher prices.”
Sun columnist and Diddly Squat farm owner, Jeremy Clarkson said farmers had been “shafted”.
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The National Farmers Union said the decision would “snatch away the next generation’s ability to produce food”.
Despite the backlash, the Chancellor of the Exchequer said her budget would inject “more pounds into people’s pockets” while tackling NHS issues, and boost economic growth.
As the first woman to become Chancellor, Reeves expressed that there are “no short cuts” to realising the economic growth promised by Labour, except through substantial investment.
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The chancellor has unveiled plans to hike employers’ national insurance contributions, potentially generating up to £20 billion to fund public services and a minimum wage increase of at least 6.7% from April for over three million workers, which will increase costs for businesses. The Chancellor stated: “Politics is about choices. This Labour government chooses investment over decline. In the Commons, she will tell MPs: “My belief in Britain burns brighter than ever.
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