(1 week, 1 day ago)
Commons ChamberClause 62 shows that this Labour Government simply do not understand farming communities. Persevering with an ill-thought-through family farm tax that treats business assets as personal wealth, even with the recent concession, will continue to harm investment in food security and rural growth. At the very least, it should be paused entirely until the publication of an independent impact assessment identifying the true extent of the changes to farming livelihoods. I therefore support amendments 42, 43, 44, 45, 46 and 47, the combination of which would ensure that the full inheritance tax relief remained in place for family farms.
It is time that the farming sector moved away from survival mode to become a thriving industry once more, but, against a background of huge cost pressures, farmers are being asked to do more with less. They face input costs that are 30% higher this year than they were in 2020, while the £2.4 billion farming budget has barely changed since 2007. That alone has presented difficult business conditions, but in addition, during 2025 farmers were forced into making plans towards a gloomy future surrounded by all the family farm tax uncertainties. As a result, many have delayed making any investment in their businesses. Farmers such as those in Glastonbury and Somerton are the catalysts of growth in rural areas, but they now need confidence to make the investments that they have put off after 14 months of angst and frustration.
Dr Savage
I thank my hon. Friend for her determined and dedicated advocacy on behalf of the farming community, especially around mental health. Although my farmers and I welcome this U-turn, I wonder how much damage has been done, not just to the farming sector directly but to the many businesses that surround the farming sector—the suppliers of equipment, grain and so on. I wonder how much damage has been done to the economy of our country, and how many irrevocable decisions have been made about the future by farmers and others in the farming industry. Does my hon. Friend agree that the Government must get it right this time around?
(11 months, 3 weeks ago)
Commons Chamber
Dr Savage
I wholeheartedly agree with my hon. Friend. Reports by the Department for Environment, Food and Rural Affairs show that nature-friendly farming schemes can be a major pathway for first halting, and then reversing, the decline in species abundance, as well as delivering the majority of habitat creation needed to meet the UK Government’s nature and climate targets.
My hon. Friend is making a powerful speech, and I congratulate her on bringing forward this important legislation. Like many farms in Glastonbury and Somerton, Camel Hill farm’s focus on regenerative farming has improved soil quality and nature loss. However, the farming budget has seen a real-term funding cut after inflation since 2007, leaving farmers trying to restore nature with reduced support.
Order. If we are to get Members in—we all see how many are present in the Chamber—interventions will have to be short and not pre-prepared speeches. There is plenty of time for those who have put their names down to speak. Members should not use up the time of the hon. Member for South Cotswolds for her opening.