British sheep farmers pay to have their sheep sheared and the wool taken away. The wool goes out of the country, mostly to China.
In the past the wool was very valuable as it was used for clothing. The wealth of many towns in Northern England came from wool. Now most of our clothes come from overseas. I'm pointing what a ridiculous situation we are in when the sheep in the field at the end of your street could clothe you cheaply and adequately, but we throw it away and buy (often inferior) clothes from 1000s of miles away, and from countries hostile to us, instead.
It is yet another example of us giving away our country's riches. Gas, oil, electric, wool, you name it.