British PM Keir Starmer just announced the new "budget" for the UK.

For the first time, farmers will have to pay inheritance tax - meaning generational farming is over.

1)From April, inheritors will have to pay 20% of the value of the agricultural and business property above £1M.
This new tax will entirely destroy British Farming within just a few generations.

Minimum wage increasing.

2)The minimum wage for 18-20 year olds is increasing from £8.60 to £10 an hour.

This may sound good on paper, but it will actually end small local businesses as they won't be able to afford the staff.

3)HS2 will go ahead.

HS2 is currently nearly £20 billion over budget with no idea how much more it's going to cost.

However in the budget they announced a further £50 billion for large-scale infrastructure projects, and confirmed they will finish HS2.

4)More National Insurance Tax.

Companies will now have to pay 15% NI tax, up from 13.8%.

On top of that, they will have to start paying it at £5,000 rather than the original £9,100.

This is another thing, like the minimum wage increasing, which will put small businesses out of business - as they won't be able to afford to have staff.

Rather than increasing the minimum wage, Labour should be focusing on bringing down the cost of living.