Oral Answers to Questions

Terry Jermy Excerpts

Tuesday 4th November 2025 Commons Chamber

[Rachel Reeves]

As the hon. Gentleman knows, that is not what I said in my speech this morning. In last year’s Budget we got rid of the non-dom tax status, we introduced VAT and business rates on private schools, we increased capital gains tax, we increased tax on private jets and we got rid of the carried interest—more than the Green party has ever done to reduce inequality in this country.

[Terry Jermy (South West Norfolk) (Lab)]

So often the farm is the very core of a rural economy. Could my hon. Friend confirm what assessment has been made about the impact of proposed changes to agricultural property relief on growth opportunities in rural areas and the viability of rural communities?

[Dan Tomlinson]

As I said earlier, the proposals made by CenTax and others in relation to agricultural property relief would result in twice as many farms paying more tax as are planned to do under the Government’s proposals. We think our proposals are right and fair.