Oral Answers to Questions
Carla Lockhart Excerpts(2 days, 3 hours 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.
Oral Answers to Questions
Carla Lockhart Excerpts(1 month, 4 weeks ago)
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Dame Nia Griffith
I welcome my hon. Friend to her place. As she quite rightly says, transport plays an essential role in driving economic growth across Wales. My right hon. Friend the Secretary of State met the Transport Secretary last week to discuss rail connectivity, including the performance of Avanti. As the Secretary of State has set out, the Government are clear that the performance of Avanti has not been good enough, with too many cancellations and delays. So Ministers and officials are now holding regular performance reviews with Avanti and Network Rail, and monitoring Avanti West Coast compliance with its contractual obligations, with the aim of securing better services for her constituents.
Carla Lockhart (Upper Bann) (DUP)
One of the biggest contributions to economic growth is the agrifood sector. With today being Back British Farming Day, does the Minister agree that farmers, whether they be in Wales or Northern Ireland, need the support of this Government to ensure they reach their full potential to contribute to economic growth?