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According to Mike @ VD they have some machine / tooling issues. 26 x 60 guards have been in short supply for a while, so not sure if thats connected, and VD short on details so also not sure if thats the fender rolling or stay forming tooling.
Lots of out of opts currently out of stock on Berthoud site https://berthoudcycles.fr/en/71-fenders
I did think maybe they are working through old stock piles before relaunching shapes or new tech, which is why they are shipping 50mm stays with with 60mm guard. But it would also make sense if they are looking to reinvest in new tooling due to machine failure to work through significant stockpiles before they do that, if the new tooling means designs need to change ...
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This is such a pathetic drain of political energy. Labour forcing her to jump is daft and yes, I actually do think there are many people who could attest to being victims of corporate internal witch hunts.
Personally no, I don't think she tried to defraud her employer. Yes, I think that she's a victim of circumstance and her own poor judgement.
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taxing something makes it less affordable
new tax
IHT is not new or additionalΒ β they have been exempt. This is a duty levied on personal wealth, and not a regular tax on operating profit for a farming business.
For the business this really is just another risk which can be managed and mitigated.
For the individual ... I believe in fair taxation and the concept that sometimes a tax pound spent on someones behalf can often return greater value for the individual than a pound in their pocket. Why wealthy farmers were ever exempt from IHT baffles me.
Your hypothetical narrative talks about businesses close to unviability in the round but it's probably more useful to look at who would actually have enough hoarded personal wealth through farming to be liable to meet the IHT threshold.
From data I've seen doing the rounds I'm assuming it's unlikely to be anyone without a significant buffer for their personal and business finances, even if assets need to be liquidated to meet the IHT.
So yeah, I stand by my point that if farming businesses are so close to the edge they can't weather the impacts of IHT, then they certainly could not navigate the financial shock from other risks and are therefore unviable. That is mismanaged wealth.
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If farming businesses are so close to the edge that 500 farms a year can't weather the impacts of IHT, then they certainly could not navigate the financial shock from other risks ... flood, blight, accident, liability, etc.
Changes to the industry and broader economic contexts are just other inevitable risks.
I guess you either believe they should have IHT relief (for whatever reason, I literally cannot think of one) or you think they should not. Personally I would rather they pay in and take out in the form of better agri subsidaries when and where hard hit farms need it.
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It's because if forced to sell assets to cover an IHT bill, the working farm could become non-viable.
Sounds as though the farm is already unviable if it cannot meet tax liabilities.
To give you an example, let's say I inherit a 500 acre arable farm with a farmhouse on it, several barns and grain sheds, a couple of tractors, a manitou, and a combine harvester. Let's say it's worth 5 million.
Average farm net worth is Β£2.2m. Worth noting that most farms this value (Β£5m) tend to be land owning farmers rather than tenant and falls into a very slim top percentage.
So I realise that I'm going to have to sell 40 acres of fields to cover the bill.
Yes, in this story β you should. Sell them so people can build houses, solar, turbines or more agriculturally diverse smaller farms and save us all.
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I know we're talking IHT but on topic, due to the noise from Farmers there's going to be plenty more industrial agri hit pieces over the coming weeks.
When inspections did take place, 22% of farms were found not to meet animal welfare law standards but only 1% of non-compliances were prosecuted, a slight increase from 2018-21.
The plus side being more people will hopefully understand how fucked parts of agricultural practice are in this country, in terms of welfare, ecocide, economic viability of food production, farmer class priveleges, etc.
There needs to be a serious conversation about responsibsilities of entities that provide in essential sectors like food production, that also already receive incredibly heavy public purse subsidies (that invariably partly gets creamed into private profit). State needs to get serious about taking interests in agri if anything as a better foothold to regulate (practices and prices/value).
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This is bad advice Edward