Carla Lockhart

Carla Lockhart

Democratic Unionist Party — Upper Bann

Speaking in the House of Commons on 3 June 2025

Debate

Inheritance Tax: Family-owned Businesses

Contribution

The hon. Member is making a very powerful speech. Before she closes, it is important for us just to home in on the figures. A Family Business UK report shows that in my constituency the changes to business property relief and agricultural property relief will result in a £23.63 million reduction in gross value added and the loss of 381 full-time equivalent jobs, as well as being the end of many family farms. Multiplying those figures out across the United Kingdom means the loss of 208,000 jobs, a £14.8 billion reduction in GVA and a net fiscal loss to the Government of £1.9 billion. Does she agree that the death tax is immoral and should be scrapped?

More from Carla Lockhart

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Carla Lockhart's full parliamentary record including voting history, expenses and all other contributions, see the Carla Lockhart report card.