Keir Starmer said he would defend the budget “all day long” at the Welsh Labour conference, amid protests by farmers outside the venue.
In his first address to the Welsh Labour conference since taking power, the prime minister went on to hail a “path of change” with Labour governments in Wales and Westminster.
“Make no mistake, I will defend our decisions in the budget all day long,” he said. “I will defend facing up to the harsh light of fiscal reality.
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From April 2026, a 20% tax rate – half the headline inheritance tax rate of 40% – will be applied to the value of farms and businesses worth more than £1m when they are passed on.
I think this is what they are complaining about.