Agriculture: Finance
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of a ring-fenced, multi-annual improved funding settlement for the agricultural sector.
Answered by Darren Jones
The first phase of the Spending Review 2025, which concluded alongside Autumn Budget 2024, has set budgets for 24-25 and 25-26.
As agricultural policy is devolved, it is for the Devolved Governments to allocate their funding as they choose. This is a key principle of devolution, and we are respecting that by not ringfencing funding for agriculture.
The second phase of Spending Review 2025 which will conclude next year, will set multi-year budgets.
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