Jeremy Clarkson has been mocked online for attacking Chancellor Rachel Reeves' autumn budget.
The 64-year-old former Grand Tour presenter famously bought his Chadlington farm near Chipping Norton back in 2008 and has since made it globally known through the hit Prime Video show Clarkson’s Farm
Mr Clarkson also recently added a Cotswolds pub to his portfolio in the form of The Farmer’s Dog which opened following his £1,000,000 purchase of The Windmill in Asthall near Burford.
As a local business owner and farmer, Mr Clarkson had his say following the revealing of Chancellor Rachel Reeves’ first budget yesterday.
Rachel Reeves. I literally daren’t comment.
— Jeremy Clarkson (@JeremyClarkson) October 30, 2024
“Rachel Reeves. I literally daren’t comment,” he said on X, formerly Twitter.
“We have a new government. It’s turning out to be hopeless.”
He later added: "Farmers. I know that you have been shafted today but please don’t despair.
"Just look after yourselves for five short years and this shower will be gone."
Farmers. I know that you have been shafted today. But please don’t despair. Just look after yourselves for five short years and this shower will be gone.
— Jeremy Clarkson (@JeremyClarkson) October 30, 2024
Speaking to The Times back in May, he said: "Rather than just have money in the bank, and get a statement with numbers written on it that gives no one any pleasure at all, you could derive a great deal of pleasure and pass it on to your children.
Detailing his reasons for buying the farm, Mr Clarkson wrote: "Land is a better investment than any bank can offer. The Government doesn't get any of my money when I die. And the price of the food that I grow can only go up.
"But there is another, much more important reason: I can now have a quad bike.
"I have always loved the idea. They are like motorbikes but they don't fall over when you leave them alone, they look great and they bring a bit of civilisation to Britain's rather dreary green and brown bits."
Changes to inheritance tax relief
After much speculation and lobbying from the farming industry, Ms Reeves confirmed changes to inheritance tax reliefs.
Delivering the Labour Government’s first Autumn budget yesterday, the chancellor extended the inheritance tax threshold freeze for another two years, until 2030.
However, she confirmed reforms to agricultural property relief (APR) and business property relief (BPR) from April 2026.
From this date, the first £1m of combined business and agricultural assets will continue to attract no inheritance tax.
But, for assets over £1m, inheritance tax will apply with 50 per cent relief.
Mr Clarkson's two separate posts generated a lot of debate between those on Mr Clarkson's side and also those who backed the budget.
"Won’t somebody please think of the poor multi-millionaires?"
One user said: "So his tax avoidance scheme loophole just got closed - cry me a river".
Another commented: "Won’t somebody please think of the poor multi-millionaires?"
Someone else replied: "Clarkson of course hates the idea of having to pay more tax. Transparent".
Another said: "Please think of Jeremy Clarkson this morning. He purchased a farm to avoid inheritance tax……."
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