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Budget: Implications for Farming Communities

04 November 2024

Lead MP

Daniel Zeichner

Debate Type

Ministerial Statement

Tags

TaxationNorthern Ireland
Other Contributors: 66

At a Glance

Daniel Zeichner raised concerns about budget: implications for farming communities in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

TaxationNorthern Ireland
Government Statement
The Minister for Food Security, Daniel Zeichner, opened the discussion by emphasising that food security is a national security issue. He highlighted the Government's commitment to supporting farmers and rural communities with an agricultural budget of £5 billion over the next two years, which he described as the largest ever for sustainable food production and nature recovery in Britain’s history. Additionally, £60 million was allocated to assist farmers affected by severe flooding, and £208 million was invested to protect against potential disease outbreaks threatening farming, food security, and human health. Zeichner acknowledged the previous government's financial challenges but stated that tough decisions on tax and spending are necessary to stabilise the economy. He addressed concerns about agricultural property relief (APR), explaining that it had been used by wealthy landowners to avoid inheritance tax, leading to unfairness for smaller farms. The minister announced plans to reform APR despite criticism from some quarters.

Shadow Comment

Alistair Carmichael
Shadow Comment
The shadow Minister, Alistair Carmichael, raised concerns about the stability and long-term planning that farming requires. He noted that farmers had relied on assurances from Labour when in opposition not to change inheritance tax reliefs for farming. Carmichael criticised the assertion that only one in four British farms would be affected by changes, challenging the data behind these figures. He also questioned why the Treasury removed the ringfence around farm support for Scotland, Wales, and Northern Ireland. Furthermore, he asked for an impact assessment on other rural businesses and measures within the Budget to make food security easier to achieve.
Assessment & feedback
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