David Chadwick has met with constituents to discuss issues impacting rural communities, as thousands of farmers came to Westminster today to protest inheritance tax changes announced in the Budget.

Farmers from Brecon, Radnor and Cwm Tawe were among those to raise their concerns with Mr Chadwick.

The Brecon, Radnor and Cwm Tawe MP discussed the impact these taxes would have on communities across the constituency and is urging the government to axe the “family farm tax”. 

Mr Chadwick with Liberal Democrat leader Sir Ed Davey and other Lib Dem MPs
Mr Chadwick with Liberal Democrat leader Sir Ed Davey and other Lib Dem MPs (Lib Dems)

He also organised a meeting between local farmers and Liberal Democrat Deputy Leader & Treasury Spokesperson Daisy Cooper MP inside of Parliament.

From April 2026, inherited agricultural assets worth more than £1 million, which were previously exempt, will be liable to the tax at 20 per cent.

NFU Cymru says the move poses a threat to the family farm structure and the nation’s food security.

Prime Minister Keir Starmer says he understands farmers’ concerns, but has insisted the "vast majority" of farms will be unaffected

The Liberal Democrats are also calling for an additional £1 billion a year in support for farmers, including £50 million a year extra for Wales. The Party has also called on Chancellor, Rachel Reeves to raise the money needed for the country by taxing big banks and social media giants rather than taxing family farms and small businesses.

David Chadwick at the London protest earlier today
Mr Chadwick at the London protest earlier today (Lib Dems)

“Family farmers across Brecon, Radnor and Cwm Tawe have already been failed by a Conservative party that didn’t care about them - they can’t now be let down by a Labour government that doesn’t understand them,” said Mr Chadwick.

“Liberal Democrats are standing up for rural communities, and calling for an axe to the family farm tax that would be disastrous for farmers across Wales.

“British farmers are already battling with sky-high energy bills and botched overseas trade deals; and this hike will only make things much worse.

“Farming is a unique business - the most important asset for any farm is the land. If farmers are forced to sell land every time the farm changes hands within the family, the family business will become impossible to sustain. I will continue to oppose these proposals and persuade the government to change its mind.”