Rachel Reeves’s ‘tractor tax’ will hit 2,500 farmers a year, 75,000 over a generation – five times as many as the Chancellor claims because she doesn’t understand the industry, a leading expert has said. The Telegraph has more.

Treasury analysis that claims the Chancellor’s changes to agricultural relief on inheritance tax will affect just 500 farmers each year is “wrong” because it has not properly understood the industry, the Central Association of Agricultural Valuers (CAAV) has said.

The figures have also been analysed by BBC Verify, the broadc