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Protests by farmers against changes to inheritance tax rules for farms were held outside the Welsh Labour conference in Llandudno on 30 October. Farming unions have criticised the planned changes, warning they will have “disastrous” consequences. Gareth Wyn Jones, a Conwy county farmer and broadcaster, stated that the proposed rules were a “massive bombshell” which would affect thousands of Wales based farming families. Jones also criticised Labour’s “25 years” in power in Wales and called for the party to protect the poorest people in society by preventing a rise in food prices.
Sir Keir Starmer, the leader of the Labour Party, defended the changes in his speech but did not meet with the protesters. He expressed his willingness to “face up to the harsh light of fiscal reality” and to defend difficult decisions that stabilised the economy. The prime minister also confirmed that Labour plans a £160m investment zone in Flintshire and Wrexham next year, a scheme originally proposed under the previous Conservative administration.
At the same event, Dairy farmer Abi Reader said that thousands more farmers than previously estimated would be affected by the tax changes. The conference comes after a year of upheaval within the party, which has seen three leaders and controversy over the donations received by Vaughan Gething in his campaign to become the first black first minister of Wales. Eluned Morgan, the current Labour leader in Wales, committed an extra £22m to tackle long waiting lists in the NHS.
Welsh Secretary Jo Stevens also announced a £13m grant fund to support redundant Port Talbot steelworkers to expand local firms and those in the Tata supply chain. The money is part of £80m to support the local economy after Tata closes its two coal-fired blast furnaces, replacing them with an electric furnace
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