Agricultural and Business Property Relief Debate
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John Glen
Main Page: John Glen (Conservative - Salisbury)Department Debates - View all John Glen's debates with the HM Treasury
Agricultural and Business Property Relief
John Glen Excerpts(1 day, 14 hours ago)
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Graham Stuart
The hon. Gentleman makes an important point that has not been made so far: we have among the lowest food costs in the world. In fact, all my local farmers are forever moaning at me about how outrageous it is that food is so low in price. As I say to them, the system has allowed them to continue farming, providing first-class food at a very low cost to consumers. It is that carefully balanced ecosystem that will be impacted by this juggernaut creation of the Government, which will raise, if it raises anything at all, very little. That is why it is great to have someone as thoughtful, insightful and empathetic as the Minister on the Government Bench, because we have time to change path away from this ridiculous policy.
John Glen (Salisbury) (Con)
My right hon. Friend is making a very clear case. Of course, there is massive agreement in the room. Does he recognise that with the uncertainty about the land use framework and the Government’s interventions and intentions on development of the work that we did on ELMS—the environmental land management scheme—farmers face massive uncertainty? Does he agree that it would be far better if the Government paused, as the NFU is asking, to look at this matter in the round, alongside the other policy decisions that they need to make—there is plenty of time before next spring—and, in particular, to address the issue about the age distribution of farmers? For younger farmers there will be ways of mitigating this matter and for older ones there simply are not. Overall, they lack clarity on what the future looks like, and that is a real concern.
Graham Stuart
At the very least, as my right hon. Friend says and as a colleague touched on earlier, tweaks could be made to this policy to stop the most egregious negative impact of it on people who have planned in good faith all their lives for a position and are now in no position whatever to change things. It is not just the elderly—everyone looks for the elderly person in their 80s or 90s to pass on, but I met another constituent whose mother died aged 41. These things happen, sadly, and what does that do to a farm? Is it holding hundreds of thousands of pounds in the bank when there are 200 and something acres?