Ministers raise inheritance tax threshold for farms after backlash

U-turn lifts limit from 1m to 2.5m after protests and warnings that family farms were at risk

Ministers will increase the threshold for taxing inherited farmland from 1m to 2.5m after months of pressure from campaigners and MPs representing rural areas.

In a statement slipped out just before Christmas, the environment department announced the U-turn, which will apply from April when the tax kicks in.