Labour's inheritance tax raid on farmers 'will spell the death of farm shops' as landowners may be forced to close stores and lay off staffLabour's inheritance tax raid on farmers 'will spell the death of farm shops' as landowners may be forced to close stores and lay off staff By ANNA MIKHAILOVA DEPUTY POLITICAL EDITOR Published: 22:41, 23 November 2024 | Updated: 22:50, 23 November 2024 e-mail 15 View comments Labour's inheritance tax raid on farmers will spell the death of the farm shop, Rachel Reeves has been warned. Farmers say they may have to close shops or lay off staff as a result of last month's Budget . A Gloucestershire farmer said: 'Farm shops rely on locally sourced ingredients which are often from small producers – which will be entirely eradicated over a generation.' Geraint Thomas, who has a shop on his Welsh farm, said it was facing a 'big hit' from the Budget, partly through the employers' NI hike. He said shop owners will face tough decisions on raising prices, cutting staff or even closing. Conservative environment spokesman Victoria Atkins said: 'Farm shops themselves will not only suffer as a result of the family farm tax – which will force many farms to sell off land to pay tax bills totalling hundreds of thousands of pounds. 'They will also be hit with Rachel Reeves' National Insurance hike.' The UK has more than 1,500 farm shops, employing 25,000 people, according to agriculture university Harper Adams. Labour's Autumn budget proposed consequential tax hikes on farm owners across the UK Farm shop owners say they will face tough decisions on raising prices, cutting staff or even closing due to Labour's budget Conservative Party officials have claimed that farms may be forced to sell off their land to pay for Labour's new tax rates Mo Metcalf-Fisher, of the Countryside Alliance, said: 'Many farm shops depend on produce from small family farms to help feed the countryside and sustain their business. 'If those farms are lost, these shops as well as farmers' markets will be severely impacted, undermining their ability to sell popular local produce.' A government spokesman said: 'Our commitment to farmers remains steadfast – we have committed £5 billion to the farming budget over two years, including more money than ever for sustainable food production.' Labour Rachel Reeves Share or comment on this article: Labour's inheritance tax raid on farmers 'will spell the death of farm shops' as landowners may be forced to close stores and lay off staff e-mail Add commentjolibet apk 。

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Returns from rise in gold rates, real estate in Hyderabad, stocks in 2024Home | News | Trump Sides With Musk As Tech Billionaire Vows To Go To War To Defend H 1b Trump sides with Musk as tech billionaire vows to ‘go to war’ to defend H-1B Musk, himself once on an H-1B visa and whose electric vehicle company Tesla, has hired workers using the programme, defended the tech industry's need to bring in foreign workers By AP Published Date - 29 December 2024, 07:09 PM Washington: Elon Musk has received support from President-elect Donald Trump on his stance on H-1B visas, a day after the tech billionaire vowed to “go to war” to defend the programme used to bring skilled foreign workers to the US. Musk, who along with Indian-American tech entrepreneur Vivek Ramaswamy has been tapped by Trump to lead his Department of Government Efficiency (DOGE), argued last week that foreign workers are needed for tech companies like Musk’s SpaceX and Tesla. Musk on Friday blasted a user on X who used a video of Musk discussing SpaceX processes to go after the billionaire’s stance on the visa programme. Also Read Trump says he’s a believer in H-1B visas “The reason I’m in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B,” Musk wrote on X. He also used a profane quote from Tom Cruise’s character in the movie “Tropic Thunder” to attack his critics. “Take a big step back and F— YOURSELF in the face,” Musk said. Trump on Saturday sided with Musk, saying he fully backs the programme opposed by some of his supporters. “I’ve always liked the visas, I have always been in favour of the visas. That’s why we have them,” Trump told the New York Post newspaper. “I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great programme,” Trump said. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The tech industry has long called for more H-1B visas to attract highly skilled workers to the US. Trump’s first administration restricted the programme in 2020, arguing that it allows businesses to replace Americans with lower-paid foreign workers. Musk, himself once on an H-1B visa and whose electric vehicle company Tesla has hired workers using the programme, defended the tech industry’s need to bring in foreign workers. “Anyone – of any race, creed or nationality – who came to America and worked like hell to contribute to this country will forever have my respect. America is the land of freedom and opportunity. Fight with every fiber of your being to keep it that way!” he wrote on X on Friday. Follow Us : Tags Donald Trump Elon Musk H1B Visa Vivek Ramaswamy Related News Trump says he’s a believer in H-1B visas US Universities urge international students to return before Trump’s 2025 inauguration amid travel ban fears President-elect Trump transfers close to $4 billion worth Trump Media shares to trust Priyanka Chopra Jonas’ fans irked with her hubby Nick Jonas over endorsement of Elon MuskSridhar Vembu , CEO of Zoho Corporation , has called for Indians to embrace self-reliance and prioritize indigenous innovation to address the country’s unique challenges. In a post on X, Vembu emphasized the importance of reducing dependence on foreign products and services by leveraging India’s vast talent pool. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for “To earn true respect in the world, Indians have to develop deep capabilities in India. Achievements abroad won't do it. I hope smart Indians keep this in mind.," he stated, urging businesses and entrepreneurs to focus on building homegrown technologies tailored to India’s specific needs. Vembu's message highlights the critical role of local innovation in strengthening India's global standing, particularly in technology and manufacturing. He advocates for a shift in mindset, where nurturing domestic talent takes precedence over relying on external resources. Sharing his personal approach, Vembu remarked, “As an Indian, I work hard to retain talent in India because we so badly need the talent to develop India's technology capability.” He contrasted this with America’s reliance on imported talent, proposing a model that fosters sustainable growth through local skill development. — svembu (@svembu) The conversation also delved into the foundational role of economic growth in national development. Vembu stressed the importance of addressing social inequalities, ensuring that every segment of society has access to opportunities. “National development cannot be achieved if large sections of society are left behind,” he noted, advocating for inclusive growth that benefits all. Vembu also touched upon the complexities of international talent migration. While acknowledging the success of countries like the United States in attracting global talent, he questioned the long-term implications of such strategies. He argued that India must focus on retaining and nurturing its own talent to advance its technological capabilities. Reflecting on America’s history, Vembu noted how many companies have preferred importing talent over developing it domestically, often neglecting the potential of their local workforce. In a broader context, Vembu posed a critical question about the trade-offs of pursuing global rankings. “Is it worth the bragging rights to be number one in GDP or AI, achieved with imported talent, but at the price of leaving your own people behind?” His reflections underscore the importance of self-reliance and inclusive development in achieving sustainable progress.

NATO head and Trump meet in Florida for talks on global securityFirst Fijian since 2015 declares publicly his HIV positiveIn April, the Department of Transportation announced new airline rules requiring prompt automatic cash refunds to passengers when owed. The final rule took eff ect Oct. 28 and should simplify and speed up the process of receiving your money back due to a canceled or significantly changed flight or delayed luggage. "Passengers deserve to get their money back when an airline owes them — without headaches or haggling," said Transportation Secretary Pete Buttigieg. "Our new rule sets a new standard to require airlines to promptly provide cash refunds to their passengers." According to the Department of Transportation, under the old rules, airlines were permitted to set their own standards for what kind of flight changes warranted a refund, which made receiving a refund for a canceled or delayed flight a complicated aff air. This was seen during the global technology outage in July that disrupted several major airlines and caused thousands of flight cancellations and delays. Many customers were left to wait hours in customer-service lines to start the reimbursement process for their chosen airline. The new rule clearly defines the circumstances in which airlines must provide refunds and how they should be administered, making the reimbursement process much easier if your trip goes awry. According to the Department of Transportation, this is when customers are entitled to a refund: Canceled or significantly changed flights If your flight is canceled or significantly changed and you do not accept alternative transportation or travel credits off ered, you will be refunded. According to the Department of Transportation, significant changes to a flight include departure or arrival times that are more than three hours domestically and six hours internationally; departures or arrivals from a different airport; increases in the number of connections; instances where passengers are downgraded to a lower class of service; or connections at diff erent airports or flights on diff erent planes that are less accessible or accommodating to a person with a disability. Significantly delayed baggage return If you file a mishandled-baggage report, you will be entitled to a refund of your checked-bag fee if your luggage is not delivered within 12 hours of your domestic flight arriving at the gate or 15 to 30 hours of your international flight arriving at the gate. Extra services not provided If you pay for an additional service, like in-flight Wi-Fi or a specific seat selection, and you don't receive this accommodation, you are entitled to a refund. The Department of Transportation has also outlined several rules for how refunds will be processed: ■ Automatic: Airlines must automatically issue refunds. Customers will no longer have to explicitly request a refund — which can be a complicated aff air. ■ Prompt: Refunds must be issued within seven business days of refunds becoming due for credit-card purchases and 20 calendar days for other payment methods. ■ Cash or original form of payment: Airlines must provide refunds in cash or whatever original payment method the individual used to make the purchase. ■ Total amount: Airlines and ticket agents must provide full refunds of the ticket purchase price minus the value of any portion of transportation already used. This includes all taxes and fees. Get local news delivered to your inbox!