Agricultural Property Relief and Business Property Relief Debate
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Sarah Dyke
Main Page: Sarah Dyke (Liberal Democrat - Glastonbury and Somerton)Department Debates - View all Sarah Dyke's debates with the HM Treasury
Agricultural Property Relief and Business Property Relief
Sarah Dyke Excerpts(3 days, 22 hours ago)
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Dan Tomlinson
Yes, I can reassure my hon. Friend that we will continue to listen to, and engage with, the over 150 Labour MPs who represent rural and semi-rural constituencies.
Sarah Dyke (Glastonbury and Somerton) (LD)
It really should not have taken over a year for the pleas of thousands of farmers to be heard, and for the Government to finally concede their mistake and change the disastrous family farm tax. However, it is clear that they still simply do not understand the industry. Many farms in Glastonbury and Somerton are run by multi-generational family partnerships, rather than married couples. Those businesses will not benefit from the combined spousal allowance of up to £5 million, so will the Chancellor finally give up and completely leave farmers alone to get on with what they do best: producing food for the nation?
Dan Tomlinson
We think that continuing to raise around £300 million from this policy is the right thing to do, so that—alongside the other changes that the Government are making—we can raise revenue in a fair and sustainable way to fund our public services.