Mike Wood

We believe in a future in which farming thrives—one based on stability, growth and sustainability. Sadly, Labour’s policies jeopardise all three. Whether it is the disastrous last-minute overnight closure of the sustainable farming incentive, the relentless family death tax assault on family farms, or the negligence towards rural businesses, Labour’s agenda harms the heart of rural Britain, including my Kingswinford and South Staffordshire constituency. Labour’s short-sightedness in deciding to stop accepting new applications for the sustainable farming incentive—with just half an hour’s notice given to the NFU despite the promise of six weeks’ notice—is a clear sign of its failure to understand the long-term needs of our farmers. While thousands of farmers were looking to the SFI for support, Labour has chosen short-term political convenience over long-term sustainability. Our farmers deserve consistency and trust in the future, not abrupt cuts to vital programmes. We will continue to back farmers. Labour’s inheritance tax policies are a direct attack on the heart of family farms. The planned cuts to agricultural property relief and business property relief will make it impossible for farmers to pass on their livelihoods and their businesses—the farms that they have been farming for generations—to their children without facing huge tax burdens. According to the NFU, someone who inherits an average cereal farm from their parents faces 10 inheritance tax payments, with each one representing 1.5 times what they can expect to make in annual profits. They are running at a loss to fund the Government. That is serfdom, not farming.