Agricultural and Business Property Reliefs: OBR Costing Debate

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Department: HM Treasury

Agricultural and Business Property Reliefs: OBR Costing

Lincoln Jopp Excerpts
Thursday 23rd January 2025

(1 day, 14 hours ago)

Commons Chamber
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James Murray Portrait James Murray
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We recognise that when the Conservative party was in government, it got it badly wrong. The country decided to change course, which is why they elected us into government to fix the public finances, put our public services back on their feet, boost investment and get the economy growing.

Lincoln Jopp Portrait Lincoln Jopp (Spelthorne) (Con)
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They say that one ought to build one’s enemy a golden bridge. I think the compromise and pause proposed by the National Farmers Union is an elegant solution. That golden bridge is now being signposted by Tesco, Aldi, Lidl, the Co-op, and all the major retailers the Minister claims to be engaging with. Why does he not just pause, go back, listen, and review the policy?

James Murray Portrait James Murray
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As I set out in answer to a previous question, the Government are committed to delivering the reforms announced in the Budget. They were carefully calibrated to retain generous inheritance tax exemptions, while ensuring that we balance the public finances as fairly as possible.