Connect with us

News

Farmers Prepare for Week-Long Strike Over Inheritance Tax Changes

Published

on

Starting Sunday, thousands of farmers across the UK are set to participate in a week-long strike to protest recent tax changes introduced by Chancellor Rachel Reeves. The protest, which will culminate in a march in London on November 19, is expected to draw over 10,000 farmers rallying against a controversial 20% inheritance tax on farms valued over £1 million.

The new policy targets farms that were previously exempt from inheritance tax, a move that has sparked concerns among farmers about the future of family-run farms. Critics argue that the tax could force many farmers to sell parts of their land, threatening the survival of traditional farming operations. The Enough Is Enough protest group, representing the striking farmers, warned of severe consequences for the industry. “British farmers have simply had enough. We cannot afford to provide food to the public under these conditions,” a spokesperson said.

As part of the strike, farmers plan to withhold non-perishable goods like meat and certain crops from supermarkets, potentially disrupting food supplies. UK farms are responsible for producing approximately 80% of the nation’s beef, 90% of its fresh poultry, and significant amounts of lamb, pork, and wheat. Dairy farmers are exempt from the strike due to the perishable nature of milk and eggs.

Tim Taylor, one of the strike organizers and an animal feed business owner, stated that the aim of the protest is to “disrupt but not decimate supermarket shelves,” hoping to garner public support without causing widespread shortages.

The tax changes have raised alarm among many farmers, with some fearing that they may be the last generation to run family farms. Gareth Wyn Jones, a Welsh farmer, expressed his decision to join the strike to protect his family’s 375-year-old farming legacy. The policy has also prompted a sharp increase in calls to mental health support services, with some farmers feeling overwhelmed by the pressures of the new tax rules. Tragically, the family of 78-year-old South Yorkshire farmer John Charlesworth revealed that he took his own life shortly before the announcement of the budget, believing it would prevent his children from facing inheritance taxes.

The strike coincides with a major lobbying event organized by the National Farmers’ Union (NFU), where nearly 2,000 farmers are expected to meet with MPs to voice their concerns. Additionally, protests are planned at the Welsh Labour conference in Llandudno, and farmers may halt sewage slurry collection from water companies as an added measure.

While the government defends the inheritance tax changes as necessary to protect family farms and fund public services, many farmers argue that the policy threatens the future of UK agriculture. Some protestors have warned that the UK could see protests similar to those in France if their demands are not addressed.

News

Amazon MGM Takes Creative Reins of James Bond Franchise Amid Casting Buzz

Published

on

By

In a landmark shift for the James Bond franchise, Amazon MGM has partnered with long-time producers Michael G. Wilson and Barbara Broccoli to oversee the future of 007. While all three entities retain co-ownership of the Bond intellectual property, Amazon MGM will now lead creative decisions, marking a significant departure from its previously limited role.

The move follows Amazon’s $8.5 billion acquisition of MGM in 2021, which granted it partial ownership but little say in the franchise’s artistic direction. With Daniel Craig’s departure after 2021’s No Time to Die, speculation about the next James Bond has intensified. Jeff Bezos, Amazon’s founder and executive chairman, fueled the debate by asking his followers on social media platform X, “Who’d you pick as the next Bond?” The overwhelming response highlighted British actor Henry Cavill as a fan favorite. Known for roles in Superman, The Witcher, and Mission: Impossible – Fallout, Cavill previously auditioned for the role in 2006’s Casino Royale but lost to Daniel Craig. Director Martin Campbell praised Cavill’s audition but deemed him too young at the time. Now in his early forties, Cavill’s age could be a factor if long-term commitments are considered.

Daniel Craig acknowledged Wilson and Broccoli’s contributions, telling Variety, “My respect, admiration, and love for Barbara and Michael remain constant and undiminished.” With Wilson stepping back and Broccoli expected to reduce her involvement, Amazon MGM gains greater creative control, raising questions about the franchise’s future direction.

Fan speculation continues to swirl around Cavill, alongside other contenders like Taron Egerton, Tom Hardy, and Idris Elba. While Amazon MGM has yet to announce a timeline or reveal casting decisions, industry watchers anticipate a new era that may extend beyond traditional films, potentially including spin-offs, series, and streaming exclusives. As the studio reshapes Bond’s future, audiences worldwide eagerly await the next chapter in the iconic spy saga.

Continue Reading

News

Global Hiring Slump Marks Longest Downturn in Decades, Says Hays CEO

Published

on

By

The global job market is experiencing its longest downturn in over 20 years, according to Dirk Hahn, CEO of Hays, Britain’s largest listed recruitment firm. Hahn attributes the slump to ongoing macroeconomic uncertainty, which is deterring both employers and job seekers from making moves.

Hays, which employs nearly 7,000 consultants worldwide, reported weaker demand for temporary workers in early 2025, while demand for permanent roles—particularly in Europe—remains sluggish following a pre-Christmas dip. Countries such as France, the UK, Ireland, and Germany, Hays’s largest market, are feeling the pressure most acutely.

In the six months leading up to December, Hays reported a 15% drop in group net fees, falling to £496 million from £583.3 million the previous year. Pre-tax profits fell sharply by 67% to £9.1 million, compared to £27.6 million during the same period the prior year. Hays’s share price, already down 25% over the past year, dipped a further 1.8% on Thursday, closing at 71¾p and placing the company’s market value just below £1.2 billion. Despite declining profits, the company will maintain its interim dividend at 0.95p per share.

While the broader UK labor market has shown resilience with limited mass layoffs, businesses remain cautious about expanding their workforce. “Most companies have enough work to retain their current staff, but they’re not looking to increase headcount,” said James Hilton, Hays’s chief financial officer. “Many employees who received pay increases in recent years are not seeking new roles, creating a stalemate. However, over time, people will seek promotions or fresh challenges.”

Recruiters had anticipated a market recovery earlier this year, but Hahn now warns that the rebound may not materialize until 2026. In the meantime, Hays is focusing on its technology recruitment division—its most profitable segment—as it navigates the prolonged global hiring slowdown.

Continue Reading

News

UK Government Reports Lower-Than-Expected Budget Surplus in January

Published

on

By

The UK government reported a budget surplus of £15.4 billion in January, falling short of economists’ forecasts of £21 billion and the £19 billion predicted by the Office for Budget Responsibility (OBR). Despite January typically seeing a boost from self-assessment tax payments, the lower-than-expected figure has increased total borrowing for the financial year to £118.2 billion—over £11 billion more than the previous year.

The government’s debt-to-GDP ratio now stands at 95.3 per cent, a level last observed in the 1960s. With the OBR set to release updated forecasts on March 26, there are concerns that the government may struggle to meet its goal of reducing the debt ratio by 2029. This could lead to potential spending cuts or tax hikes in the autumn budget.

Reduced debt-servicing costs helped boost January’s surplus, dropping from £9 billion in December to £6.5 billion. However, this was partially offset by a £6 billion one-off expense related to the government’s repurchase of military housing from private firm Annington.

Darren Jones, chief secretary to the Treasury, emphasized the government’s commitment to “economic stability and meeting our non-negotiable fiscal rules.” He also noted that a comprehensive spending review—the first of its kind in 17 years—is underway to ensure that public funds are used efficiently and aligned with national priorities.

 

Continue Reading

Trending