Farming and Inheritance Tax

Debate between Simon Hoare and Daniel Zeichner
Wednesday 4th December 2024

(2 weeks, 5 days ago)

Commons Chamber
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Daniel Zeichner Portrait Daniel Zeichner
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Thank you, Madam Deputy Speaker. I am not sure that Conservative Members do want to listen, really.

As a result of the anxiety that we know people are feeling, it is right that the Prime Minister, the Environment Secretary and I have all met with the NFU president Tom Bradshaw to talk about the proposed reforms. The Government have and will continue to engage with the NFU, the CLA, the Tenant Farmers Association and other stakeholders. The reforms will not be introduced until April 2026, so there is plenty of time for people to plan for change and to get, as they always should when running major businesses, professional advice about succession planning.

Let us be honest: last month’s protests were not just about APR. Rural communities have felt ignored and let down by this place after decades of failure. The Conservatives sold out British farmers in trade deals with New Zealand and Australia. I listened to the shadow Secretary of State, the right hon. Member for Louth and Horncastle (Victoria Atkins)—did we get any apology for the trade deals? Not a word; no contrition. They have learned nothing. They left farmers facing spiralling energy bills because they refused to invest in cheaper home-grown British power—a decision that sent fertiliser and animal feed costs soaring.

The Conservatives were so incompetent that they failed to get £300 million earmarked for farmers out the door, leaving farmers out of pocket as the money sat idle in Treasury coffers. The disastrous kamikaze Budget crashed Britain’s economy and sent interest rates and mortgages skyrocketing, at massive cost to our farmers and rural communities. As a result of all that, public services are broken; hospital waiting lists are at record highs; schools in rural areas are crumbling—if Conservative Members use them, of course—and roads across country areas are cratered with potholes.

Rural communities are rightly feeling ignored and left behind. This Government will not accept that. These reforms will disincentivise the wealthy from buying up agricultural land to shield their wealth from inheritance tax, and they will also raise the money needed to fix those public services. This is a turning point for national renewal. The Budget also commits £5 billion to agriculture over the next two years.

Simon Hoare Portrait Simon Hoare (North Dorset) (Con)
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claimed to move the closure (Standing Order No. 36).

Question put forthwith, That the Question be now put.

Question agreed to.

Question put accordingly (Standing Order No. 31(2)), That the original words stand part of the Question.

Budget: Implications for Farming Communities

Debate between Simon Hoare and Daniel Zeichner
Monday 4th November 2024

(1 month, 2 weeks ago)

Commons Chamber
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Daniel Zeichner Portrait Daniel Zeichner
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It was striking that under the previous Government the agriculture budget was so substantially underspent. We are fixing that and making it possible for people to access those schemes in the way that my hon. Friend describes. It is interesting that the issue that came up most for him was basic payments. The issue that came up time after time on my visits was rural crime. That is the thing that has troubled so many people on farms and in the countryside. That is why it is so important that this Government are setting up a proper integrated rural crime strategy.

Simon Hoare Portrait Simon Hoare (North Dorset) (Con)
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The Minister is seeing silver linings in the clouds hanging over family farms and tenanted farms in North Dorset, but I must confess that I fail to see them. I will give ask the Minister a simple yes or no question: yes or no, will he come to North Dorset to meet farmers in my constituency and explain these wonderful silver linings that he can see in the clouds but none of us on the Opposition Benches can see?

Daniel Zeichner Portrait Daniel Zeichner
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I love visiting farms all over the country, and I am sure North Dorset will feature on my list at some point in the future.

On this whole question of optimism, pessimism and the stress and strain in the countryside, my hon. Friend the Member for Peterborough (Andrew Pakes) earlier warned about some of the things that are being said. I urge people to be temperate in their language on these issues, because people are stressed, anxious and worried. My task is to be calm, sensible and reassuring to them, and to remind them that the vast majority will be able to pass on their farms just as they have before. Just as pressing is to tackle those other real issues that they face. I do not underestimate the challenges that people face—of course it is difficult, and we know it is hard, but this Government will do everything we can to support people and to maintain their prosperity into the future.