Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of a ring-fenced, multi-annual improved funding settlement for the agricultural sector.

The first phase of the Spending Review 2025, which concluded alongside Autumn Budget 2024, has set budgets for 24-25 and 25-26.

As agricultural policy is devolved, it is for the Devolved Governments to allocate their funding as they choose. This is a key principle of devolution, and we are respecting that by not ringfencing funding for agriculture.

The second phase of Spending Review 2025 which will conclude next year, will set multi-year budgets.