(1 month, 2 weeks ago)
Commons ChamberThis debate has been about APR, but I will talk about flood risk. Suffolk is, by its nature, a county at high risk of flooding. Large parts of my constituency are covered by rivers: we have the Rivers Deben, Orwell and Alde. We have tributaries that filter across low-lying land and clay soil, which apparently is not particularly permeable—I learned that during the general election campaign. That means that whenever there is heavy rainfall, streams and rivers become overburdened very quickly, creating bogs, waterlogged fields and eventually flooding across our fields. The water has nowhere to go. Roads are overwhelmed, as are irrigation and sewerage systems, and whole villages can find themselves under a foot or two of water after one night.
One year ago, Storm Babet did exactly that. We experienced an incredibly wet October. One month’s rainfall fell between 11 and 13 October, then 80 mm in the 24-hour period of 18 October. People were stranded in villages and cars were stuck on driveways. People living in Wickham Market, Needham Market, Framsden and Charsfield were forced out of their homes. Some are not yet back in. People were traumatised, exhausted and facing financial oblivion after insurance companies used small print to stop paying out on the damage caused by the flooding.
We do not want to see that again, but the reality is that our climate is getting more volatile and the risk of flooding is as high as ever. We must take preparedness seriously, which is why Suffolk county council, the Environment Agency and community groups have undertaken to clear rivers, improve water flow through pipes and guttering, dig trenches and develop overflow areas in case of higher than average rainfall. I am more critical than many people of Suffolk county council and the Environment Agency for dragging their feet at times. I am working with residents of Earl Soham who are trying to get the highways agency to clear pipes and drainage. Suffolk county council is just not reacting quickly enough to that.
I recognise that the funding is not there when it should be. The funding from the centre is not adequate, and responsibility over who should take control of the situation is confusing, which is why I support the private Member’s Bill by my hon. Friend Member for Mid Norfolk (George Freeman) to sort this out.
I want to talk about something else that I believe is a real reason that flood risk has increased, and to remind the House that we have the option of reducing it in future. One of the reasons that flooding has worsened in recent years is the development of vast numbers of housing units in areas of high flood risk. Each development not only puts more homeowners at risk of flooding, but compounds that by increasing the risk of surface water run-off.
I know deep down that the decision to reform APR and increase the inheritance tax liability for small farms is fundamentally about releasing land in rural areas so that developers can build more houses on it. There is no justification whatsoever for it from an economic point of view. There is no way the Government will raise enough money to support public services, as various Members have said today. The only viable reason that I can understand for the Government introducing APR on small farm holdings is because they want to release land for development. If we continue to concrete over fertile farmland, of any soil type, we will increase that risk.
The Daily Telegraph, which I know is the paper of choice for more respectable Conservative Members, reported last year that wealthy investors are “hoovering up” agricultural land to avoid inheritance tax, a situation that it said meant more land was falling into the hands of private and institutional investors.
Let me take a moment—Members throughout the House have an opportunity to watch—to address that exact case. The Labour party wants to tackle big landowners like James Dyson and the Grosvenor Group; I have two points. First, take for a moment the incredible work done by Dyson Farming on food technology, which is increasing the productivity of our land and the standard of food production on his farms. Think of what the Grosvenor Group has done in the moorlands and peatlands of the north-west—it is a protector of our environment and has supported our natural environment and increased the ecosystem.
Secondly, do the Government think for a moment that either of those two people are going to go to bed worried about the IHT change? No, they are not. They will dodge it, much like many of the well-heeled business people always do with taxes. The people who will bear the brunt of the Labour party’s tax policies are small farms—family farms—that do not have a huge amount of capital. When we try to tax and demand liquidity from an illiquid source, we force people to fire sale their capital. It will not work. We have to understand the economics.
The risks are real. In Needham Market, Hopkins Homes built the St George estate at the base of a hill in an old disused quarry close to sea level, and right next to an area considered at high risk of flooding.