Storm Bert
Debate between Ben Obese-Jecty and Steve Reed(3 weeks, 6 days ago)
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Steve Reed
We are in close contact with colleagues in the Department for Transport, and safety must be the priority for both passengers and people who work as part of the crews on the trains or on the ground. The railway lines will be opened as soon as it is safe to do so. We are aware that further steps need to be taken to protect all forms of public transport and, indeed, all parts of the country from the increase in severe weather incidents.
Ben Obese-Jecty (Huntingdon) (Con)
The flooding Minister, the hon. Member for Kingston upon Hull West and Haltemprice, recently confirmed to me that the Government’s new floods resilience taskforce brings together a range of partners, including the Environment Agency, the devolved Administrations, selected regional Mayors and lead local flood authorities. However, following flooding in Brampton and St Ives that was caused by the high level of the River Great Ouse last month, Cambridgeshire county council informed me that its role as lead local flood authority was only a supporting one, and residents have been understandably frustrated by the lack of clarity about who owns what. Can the Secretary of State offer some clarity on which agency leads the multi-agency response during a flooding event, and how is that reflected in how it interacts with the floods resilience taskforce?
Rural Affairs
Debate between Ben Obese-Jecty and Steve Reed(1 month, 1 week ago)
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Steve Reed
If the hon. Lady will forgive me, I want to make a little progress.
The new deal for farmers includes seeking a new veterinary agreement with the EU to tear down the export barriers that the previous Government erected in the first place; backing British produce by using the Government’s purchasing power to buy British; and protecting our farmers from ever again being undercut by low welfare and low standards in trade deals like the disastrous one the previous Government signed with Australia and New Zealand.
The House is aware that the Government inherited a catastrophic £22 billion black hole in the nation’s finances, meaning we have had to take tough decisions on tax, welfare and spending to protect the payslips of working people. This has required reforms to agricultural property relief. I recognise that many farmers are feeling anxious about the changes; I urge them not to believe every alarming claim or headline and I reassure them that the Government are listening to them. We are committed to ensuring the future of family farms. The vast majority of farmers will not be affected at all by the changes. Let us look at the detail.
Steve Reed
If the hon. Gentleman will give me a little time, it is important that I make these points.
Currently, 73% of agricultural property relief claims are less than £1 million. An individual farm owner can pass on up to £1.5 million and a couple can pass on up to £3 million between them to a direct descendant, free of inheritance tax. If a couple who own a farm want to pass it on to a younger relative and one partner predeceases the other, each of them has a £1 million APR threshold that they can pass on. Add those together and that is £2 million, plus the £1 million that a couple with a property can pass on to their children. For most people, that is an effective threshold of up to £3 million to pass on without incurring inheritance tax. Any liability beyond that will be charged at only half the standard inheritance tax rate and payment can be phased over 10 years to make it more affordable. Farmers will be able to pass down their family farm to future generations, just as they always have done.