Monday 11th November 2024

(2 days, 8 hours ago)

Commons Chamber
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Steve Reed Portrait Steve Reed
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The changes have been signed off by the Office for Budget Responsibility and the full impact assessment will be available when the Finance Bill is published, before they come into force in 2026.

Andrew Murrison Portrait Dr Andrew Murrison (South West Wiltshire) (Con)
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Does the Secretary of State understand that a farmer coming towards the end of his career is hardly likely to invest either in improving his land or in the hundreds of thousands of pounds that a piece of agricultural plant costs these days, knowing that there will be a surcharge when, sadly, he deceases?

Steve Reed Portrait Steve Reed
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The vast majority of farmers will be unaffected by the changes, so that point will not apply.

We are also rapidly releasing £60 million to support farmers whose farms have been devastated by severe flooding. That is £10 million more than the previous Government were offering and, unlike their fantasy figures, we have shown where the money to be paid out will come from. Flooding is just one of the many challenges that farmers have faced over the past year.