Agriculture: Inheritance Tax
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the implications for his policies of the NFU mass lobby on 19 November 2024.
Answered by Daniel Zeichner
Farmers are the backbone of Britain, and we recognise the strength of feeling expressed by farming and rural communities in recent weeks. We are steadfast in our commitment to Britain’s farming industry because food security is national security.
It's why we are investing £5 billion into farming over the next two years – the largest amount ever directed towards sustainable food production, rural economic growth and nature’s recovery in our country’s history. This enables us to keep momentum on the path to a more resilient and sustainable farming sector, with the Sustainable Farming Incentive, Countryside Stewardship Higher Tier and Landscape Recovery all continuing.
But with public services crumbling and a £22 billion fiscal hole that this Government inherited, we have taken difficult decisions. The reforms to Agricultural Property Relief ensure that wealthier estates and the most valuable farms pay their fair share to invest in our schools and health services that farmers and families in rural communities rely on.
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