Showing posts sorted by date for query Political Economics. Sort by relevance Show all posts
Showing posts sorted by date for query Political Economics. Sort by relevance Show all posts

Tuesday, November 19, 2024

Economics of Agriculture


19th November 2024 Protests >. We compare Keir Starmer's 2023 speech to the NFU conference to the protests held by farmers over the change to inheritance tax in the recent Labour Budget. We discuss the political representation at the protest from Reform UK, Clarkson, the Lib Dems and the Tories, including speeches by Kemi Badenoch and Ed Davey, while also asking if this is going to become a culture war issue. We also look at ome press statemets from Reeves, DEFRA minister Steve Reed and agricultural minister Daniel Zeichner. We conclude that the protest itself was apolitical and single issue, but this is clearly not over yet.

2024 November United Kingdom farmers' protestsOn November 19th, 2024, protests were organised by some farmers in London against new inheritance tax laws on agricultural land. The measure emerged from the Labour government of the United Kingdom budget plans, resulting in thousands of British farmers protesting in Parliament Square and addressing MPs directly in parliament.

The dispute centered on changes to inheritance tax on agricultural assets. Previously, the intergenerational transfer of farms had been exempt from taxation as a result of a 1992 tax break.

In November 2024, the newly elected Labour government announced plans to remove this tax exemption for farms valued over £1,000,000 in order to generate revenue for public services. Set to take effect in April 2026, the new policy would see a 20% inheritance tax on farm valued over that threshold, half the usual rate of inheritence tax, and could be paid across ten years. The inheritance tax exemption would remain in place for farms valued below the £1,000,000 threshold.

Opposition to the change from some farmers stemmed from the claim that farmers, while asset rich, are "cash poor", which they claimed would create a situation where some inheriting families would have to sell their farm lands to meet tax obligations. Supporters of the change claimed that farmers' had been manipulating the tax break to avoid taxation on profits.

Organisiations representing British farm owners said income declines across various agricultural sectors in the year ending February 2024, with some farms experiencing revenue drops exceeding 70%. Average annual incomes ranged from a modest £17,000 for livestock grazing operations to £143,000 for specialized poultry farms, further exacerbating the thinness of profit margins despite high land valuations.

The scale of potential impact is a point of contention. UK Government figures suggested the measure would affect approximately 27 percent of farms in the UK (aproximately 56,700 farms), equivilent to 500 farms annually. The Country Land and Business Association (CLA) suggested that 35 percent of farms (aproximately 70,000 farms) would be impacted. Analysis by BBC News Verifty stated that the figures of the UK government were more probable than the CLA's.

Oct 24, 2018

Saturday, November 2, 2024

Attrition, Armaments, Mobilization 2024

.
24-10-31 Russia's Attrition Problem is Worse Than Thought - Warburg > .24-8-9 Artillery: Mortars vs Howitzers - gtbt > .
24-8-5 List of Russia's Armored Fighting Vehicles in Storage - CoCa > .
24-8-1 [Ruscia Running Out of Tanks, Planes, People] - Icarus > .
24-7-28 Ukrainian Equipment Losses and Resupply (2024) - Perun > .24-2-14 Anders Nielsen on Ukraine's Strategy to Defeat Ruscia | Decoding Geopol > .
air shield 
24-1-19 Patriots & Franken-SAMs vs R A-50 & I Shaheds. What Ukraine needs - U24 > .
24-4-19 Swedish factory working 24/7 to make shells for Ukraine - Kyiv Independent > .24-4-14 US Arms Production - Strategy to Restore Arsenal of Democracy? - Perun > .24-11-19 Ukraine's First ATACMS Missile Strike Against Russia - AiTelly > . dubious
Camouflage, Decoys 
> Innovation, R&D >>
24-5-12 Russia's Turtle Tanks Are Evolving - Armourer's Bench > .
24-9-8 Ruscian War Economy 2024: sanctions, inflation, mounting risks - Perun > .  > NATO Membership >> N Militaries >>> N Politics >> NATO~R >>
24-2-16 United States | No More NATO? - Prof J K-L > .
Orcine armaments / economy
24-2-22 Война 2024 | Ukraine's & P00's Plans for 2024 (subs) - Katz > .24-2-4 New Russian Weapons: Harpoon, Python, "Dandelion". Effectiveness - U24 > .
R-U troops 
24-7-18 Extra Pay and Tricks: Assessing [ruZZian] Wartime Recruiting - Preston > .24-3-11 Troop Losses - Ukraine, Ruscia - Kyiv Independent > .
Ukraine 
24-4-13 Ukraine has a mobilization problem | Kyiv Independent > .23-2-9 Who could be conscripted to fight in Ukraine? | BBC > .
U$ Aid     
24-1-29 Ukraine War Aid: US Funds, Political Support Games | WSJ > .24-4-22 How NATO & Russia are Preparing to Fight Total War - Real > .> > Weaponry > > > Missiles >>
X~T 

Economies 2024

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24-1-16 What Does the WEF Really Want? - EcEx > .
Agriculture 
24-2-15 Why Farmers Protests are Spreading to Spain, Italy and Greece - TLDR EU > .
> Capitalism >>
24-5-15 Why Less Globalization Might Actually Be Beneficial - EcEx > .
> EU Migrant Crisis >>  Economic & Climate Migrants 
24-5-25 [Xina Whines About US-Europe Economic Cooperation] - Update > .
Global Geoeconomics 
24-6-28 Top 5 stories currently changing future of global economy - M&M > .
Haiti 
24-2-11 Чудеса от Центробанка | Ruscia's Budget 2-years of R-U (subs) - Katz > .> Taiwan >> Taiwan Defense >> vs > HuángXi >> X-Mil Threat >>
USA 
> > Economic Geopolitics > >

Europe 2024

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EU 2024 .. 
23-12-23 Future of EU Defense: NATO or the EU? (ft. UEF) - Simple > .
24-5-9 Europe is Pretty Great (Europe Day Special) - Into Europe > .
Farming, Agriculture 
24-2-1 Disgruntled Farmers Storm the EU - Simple > .
Federal Europe? 
23-11-3 BIG step towards a federal Europe? (ft. UEF) 1 - Simple > .Industrial Fronts ..   > Industry >>  >> Industrial, IP Espionage >>>24-11-14 Is Europe turning Muslim? - Into Europe > .
Liberal Democracies 
R-U 
Ruscia 
U$A/NATO 
> XIR >> risks 

sī vīs pācem, parā bellum

igitur quī dēsīderat pācem praeparet bellum    therefore, he who desires peace, let him prepare for war sī vīs pācem, parā bellum if you wan...