Inheritance Tax Relief: Farms Debate

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Department: HM Treasury

Inheritance Tax Relief: Farms

Aphra Brandreth Excerpts
Monday 10th February 2025

(1 day, 18 hours ago)

Westminster Hall
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Aphra Brandreth Portrait Aphra Brandreth (Chester South and Eddisbury) (Con)
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It is a pleasure to serve under your chairmanship, Dr Murrison.

The petition that we debate has been signed by 494 of my constituents. Many of those signatories will be farmers operating on multi-generational farms across Cheshire but, signing alongside those farmers and families, there are many more who are deeply concerned about the changes to agricultural property relief and its wider impact on shop owners, food producers and the wider local economy, which will suffer as a result of this policy. Our community has come together to speak up because people understand how important farming is to our local economy, to our food security and to the sustainability of our countryside. Without farming, the local economy in Chester South and Eddisbury would greatly suffer. I will briefly share some of the knock-on impacts of this ill-thought-through policy.

In Cheshire, we have some of the best beef and dairy stock in the country and have therefore attracted national and multinational suppliers, who have brought millions of pounds into our economy. If hon. Members had a Müller yoghurt for breakfast this morning, it was probably produced in my constituency, in Chester, with Cheshire dairy produce. Or maybe they enjoyed some Cheshire cheese for lunch—again, a product of the Cheshire food industry. I personally recommend Cheshire ice cream—without doubt the best in the country.

Suppliers and manufacturers from across Cheshire provide a significant boost to our local economy. They are employers, innovators and investors, but they cannot do what they do without the supply produced by farmers. Cheshire food produce is vital to some of our best-loved brands but, as in many rural areas, it is often the independent retailers and high street shops that stimulate our economy the most. Without sustainable local produce, shops will lose the unique selling point that sets them apart and our local economy will suffer as a result.

Less than a fortnight ago, I was delighted to welcome to my constituency the Leader of His Majesty’s Opposition, my right hon. Friend the Member for North West Essex (Mrs Badenoch). We started the day at Top O The Town farm in Broomhall, farmed by Richard Davenport, his son Sam and his father John—three generations working together, and one of many local examples of a multi-generational dairy farm, sharing knowledge from one generation to the next, learning, innovating and growing the farm, while employing people locally. Yet the incentives to invest capital on the farm or in measures to improve sustainability and ensure the continuation of farming for the long term are under serious threat as a result of this policy decision.

The economic case is clear, but I will also briefly mention the impact on the mental health of rural and agricultural communities. Farmers face adversity, challenges and stress every single day. There is little that they can control, and this Budget has now taken away their one security: the ability to leave their farm to the next generation. The implications for mental health have already been seen in the most tragic circumstances. We must all stand together and tell the Government that the family farm tax must stop.