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William Patterson, from Lampeter West Wales, conducted the analysis on behalf of the Countryside Alliance, the organisation opposed to the ban, the Daily Telegraph reported.
The alliance claims the compensation figure could be much higher if claims from businesses such as livery stables were eligible and if hotels demanded compensation for tourism losses from a cessation of hunting were factored in.
Simon Hart, the alliance’s chief executive, said: ‘If the government brings back the Bill to ban hunting, it will face a fierce battle, as well as this huge compensation bill. The sensible option would be to leave well alone.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements