Pat McFadden

Pat McFadden

Labour — Wolverhampton South East

Speaking in the House of Commons on 5 December 2024

Debate

Plan for Change: Milestones for Mission-led Government

Contribution

I appreciate the spirit in which the hon. Member has asked his question. On farms, as the Chancellor made clear, a couple would have an allowance of £3 million before any inheritance obligation kicked in, and then it would be at half the rate that other people have to pay, so significant protections are built into the policy. On pensioners, it is very important to remember that we have said we will protect the triple lock, which is reflected in the pension increase that has been announced for next year.

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