Greg Smith
… Will the Leader of the House get the Chancellor to come to the Dispatch Box, so that we can have an informed debate about the actual impact the family farm tax will have on the constituents of all Members of the House, including her own Back Benchers who represent rural seats? Her colleagues can then decide whether they stand with their party or with the farmers.
Lucy Powell
We are absolutely clear and the figures are absolutely clear, because they are based on actual claims for agricultural property relief that have been made in recent years. Those figures show that around three quarters of claims would be unaffected by the changes we have made. Does the Conservative party accept the principle that 40% of the total value of agricultural property relief comes from ownership of the top 7% of claims by land value? Do Conservative Members think that is a fair system? Is that fair to young farmers trying to get into the industry? Do they support the additional £6 billion we have put into farming as a result of the Budget? They cannot support the funding going in if they do not support the measures needed to raise that investment in the first place.
[Official Report, 21 November 2024; Vol. 757, c. 400.]
Written correction submitted by the Leader of the House of Commons, the right hon. Member for Manchester Central (Lucy Powell):
Lucy Powell
We are absolutely clear and the figures are absolutely clear, because they are based on actual claims for agricultural property relief that have been made in recent years. Those figures show that around three quarters of claims would be unaffected by the changes we have made. Does the Conservative party accept the principle that 40% of the total value of agricultural property relief comes from ownership of the top 7% of claims by land value? Do Conservative Members think that is a fair system? Is that fair to young farmers trying to get into the industry? Do they support the additional £5 billion we have put into farming as a result of the Budget? They cannot support the funding going in if they do not support the measures needed to raise that investment in the first place.