Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of the changes announced in the Autumn Budget on (1) farmers, and (2) food security.

The Government published information about the reforms to agricultural property relief and business property relief at GOV.UK.

Around 500 estates across the UK are expected to be affected each year from 2026-27.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

The UK has high food security and announcements at Autumn Budget 2024 continued to support and improve food security. The Government has provided £5 billion across this year and next to support the ongoing transition towards a more productive and environmentally sustainable agricultural sector in England. This will strengthen the domestic sector, and improve food security.