Budget: Implications for Farming Communities

Greg Smith Excerpts
Monday 4th November 2024

(1 day, 20 hours ago)

Commons Chamber
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Daniel Zeichner Portrait Daniel Zeichner
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The hon. Gentleman makes an important point. The people of this country suffered gravely under the last Government, and we will do nothing to make their situation more difficult. In fact, this Budget protects the pay packets of the vast majority of the British people.

Greg Smith Portrait Greg Smith (Mid Buckinghamshire) (Con)
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There are already very low margins on every farm, including those in Mid Buckinghamshire. Will the addition of between £50 and £75 a tonne on the price of fertiliser, through the Government’s proposed carbon tax, increase food prices? Who will shoulder that burden? Will it be the farmer, or will it be the consumer?

Daniel Zeichner Portrait Daniel Zeichner
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As the hon. Gentleman knows, a whole range of factors go into food prices. What is very good news is the establishment of GB Energy and a move to a much more affordable and reliable form of power for farmers as well as our consumers. We will all be better off.