Oral Answers to Questions
Debate between Carla Lockhart and Jo Stevens(1 week, 6 days ago)
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Jo Stevens
I know the key role that good cross-border transport plays in strengthening economic and social ties across north Wales and the north-west of England. I was pleased to join the Welsh Government Cabinet Secretary for Transport at Flint and Chester stations recently to announce a 40% increase in rail capacity, with 50% more timetabled services on the north Wales main line. I would be delighted to meet my hon. Friend, representatives from the Mersey Dee region, and Growth Track 360.
Carla Lockhart (Upper Bann) (DUP)
Today, thousands of farmers have descended on this place in a further bid to get the Government to listen and to realise the consequences of their actions. Is it not time to do the right thing by those who feed our nation and stop the family farm tax grab, which will see our farms decimated and our food security put in jeopardy? That certainly will not help economic growth.
Jo Stevens
The UK Budget delivered £5 billion for farming over the next two years, and I was pleased that this Government were able to protect Welsh farm budgets for the next financial year. Yesterday’s Welsh Budget allocation confirmed protection of the basic payment scheme funding for the next year, and provided additional revenue and capital funding to help the sector transition to the new sustainable farming scheme. That has been welcomed by farming unions across Wales.
Oral Answers to Questions
Debate between Carla Lockhart and Jo Stevens(1 month, 2 weeks ago)
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Jo Stevens
I would be delighted to go back to Wrexham and visit the university with my hon. Friend. Welsh universities will benefit from record levels of investment in research and development, which will be worth over £20 billion next year. The Budget confirmed £160 million of funding for the Wrexham and Flintshire investment zone, which was chosen due to the presence of world-renowned research institutions such as Wrexham University and Bangor University.
Carla Lockhart (Upper Bann) (DUP)
We say the phrase “no farmers, no food” so often, but never has there been a need for such emphasis as in the wake of the autumn Budget. Farmers in Wales, in Northern Ireland and right across this United Kingdom are reeling from the change in agricultural property relief and the impact it will have on the future of family farms. What is the Secretary of State doing to support farmers and make this case to the Treasury?
Jo Stevens
This Government continue to provide significant tax relief for farmers. For example, farming parents are able to pass up to £3 million to their children free of tax. They then pay half of the normal inheritance tax rates on anything over £3 million, and they have up to 10 years to pay it. The vast majority of farms will be unaffected by the changes in the Budget and will continue not to pay inheritance tax.