Thursday 13th March 2025

(1 day, 14 hours ago)

Commons Chamber
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Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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It is a pleasure to speak in this debate, and I thank the right hon. Member for Orkney and Shetland (Mr Carmichael) for leading it. I am always so proud to stand up in this place and represent farmers in Strangford and across Northern Ireland, who are nothing but dedicated to their trade. I declare an interest as a member of the Ulster Farmers Union.

Farming is massively important in Northern Ireland, where it contributes £2.5 billion annually to the economy. Furthermore, we are pivotal to the agricultural output of the United Kingdom, accounting for growth of 5.6%, which is more than any other nation that contributes to this great United Kingdom. Northern Ireland exports large amounts of beef, dairy and poultry to GB, the Republic of Ireland and further afield. Lakeland Dairies in my Strangford constituency sends its milk products all over the world. That creates a sense of just how important our farmers are.

To state the obvious, it is no secret that I, my party colleagues and other Members across the House were shocked and saddened by the Chancellor’s decision in November to introduce inheritance tax for family-run farms. The fact is that 65% of farmers cannot and will not survive this. Living on a farm and having great relationships with my neighbours—every one of them spoke to me before this debate—and local farmers in my constituency, I know all too well the impact this will have.

John Cooper Portrait John Cooper (Dumfries and Galloway) (Con)
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I thank the hon. Gentleman, who is in fact my neighbour, for giving way. He talks about the number of farms that will be affected by this. It is far higher than the Treasury tells us. We know that the Scotland Office is compiling its own figures, to push back against the Treasury figures, which will no doubt be trotted out here again today. Is there not a fundamental problem here, as the vast majority of farms will be affected by this?

Jim Shannon Portrait Jim Shannon
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The hon. Gentleman is absolutely right, and he sums up our views.

The decision to introduce the farmers’ inheritance tax will destroy the very essence of what so many farmers have worked hard to achieve. I have called on numerous occasions for the Minister to support us. He is an honourable man. He could be a friend of the farmers—we will see just how much of a friend he is—if he contacted the Chancellor and suggested to her that one solution is to increase the threshold from £1 million to £5 million. If that is done, farms will be saved, as will the future of family farms in Northern Ireland. Does he want to be the farmers’ friend?