WATCH: Farmer reacts to inheritance tax U-turn - 'No aspiration to grow!'

Farming mother and son have told GB News their verdict on Labour's inheritance tax U-turn, as the threshold has been increased by the Government.Speaking to GB News, Dan Willis said: "It's certainly a good start, let's put it that way. There are several issues ongoing that I still see."It removes the aspiration for us to grow as a business, which, let's face it, most businesses, especially when you're farming have had to diversify and you've had to keep diversifying to keep that other income coming in."And the other aspect is, you know, £5million, it sounds an awful lot of money and it is an awful lot of money, but it's not the farmers that have created the high land prices. It's the other pressures upon the land and being taxed upon that is wrong."WATCH ABOVE.