Rural Economy

Lord Taylor of Holbeach Excerpts

Thursday 11th June 2026 Lords Chamber

[Lord Taylor of Holbeach (Con)]

My Lords, I am delighted to follow the noble Baroness, Lady Coffey. I join her in saying how nice it is to be sitting just behind the noble Lord, Lord Roborough, whose return to the House is, I am sure, welcomed by everybody.

I have a great interest in the subject, having been a bulb grower before I came to this place 20 years ago last Friday. It does not seem long, but it is actually quite a large portion of my life. I am a Holbeachean by name now, and by birth, and I live there. The business in which I was involved is a family business, founded by my grandfather who originally had a 10-acre ex-serviceman’s smallholding after the First World War. He was able to build it up, and I hope I played my part in the system too. Since I became a Minister I have ceased to have any interest so, as a declaration of interests, I am interested in the subject but I have no pecuniary interest in the industry.

I do not know whether any noble Lords read last week’s Sunday Times special supplement on the fastest-growing private companies. It was really quite interesting. I do not think any of us would have been surprised to discover that out of the top 100, 45 were in Greater London and a huge proportion of the remainder were in the south-east and the areas around London. In the east Midlands, where I live, there were three. In the north-east there was one. In the whole of Scotland there were two, and there were four in Wales. These are privately owned companies which, as everybody here will know, are often the most dynamic elements of the economy. It is illustrative of the focus on urban matters, which tends to dominate economic thinking and everything else.

I am delighted that my noble friend Lord Fuller has tabled this Motion. He has been an exemplar of the dynamic, “go for it” entrepreneurialism that is essential in a rural environment. He has also been a key figure in rural local governance, which is an important part of the lives of people who live in the countryside.

I was trying to think of where I should start on this. I did not want to be totally negative, but it is creeping up to nearly two years since we had that disastrous Budget. It was a disastrous start for the Government, particularly their policy in connection with inheritance tax. I remember asking the noble Lord, Lord Livermore, a key Treasury figure, how we could expect investment following the farms and business inheritance tax, and what was the chance of growth. I shared with him a view of growth being the key factor. Before long, as other noble Lords have pointed out, employers whose staff had to travel distances to work were faced with a jobs tax. No wonder we have a rising number of young people who are NEETs, as we call them.

However, I do not want to make my contribution to this debate an anti-government contribution, because farming and rural areas need to feel the Government are with them. We should aim for efficiency and productivity. We may never be self-sufficient in food, but we should see rural England as a resource to be exploited to satisfy the consumer and the retail sector, and the enormous number of people engaged in the processing, packing and distribution of farm goods. The food valley stretching from Grimsby to Peterborough is a major centre for this activity.

I close by saying that I am concerned about SPS dynamic alignment. I was at the briefing, and the noble Lord replying to this debate was there as well. I hope he can reassure those of us who are concerned about the consequences and that it may lead to greater regulation. We are in business to grow and produce food, not to fill in forms.