Mary Creagh

Mary Creagh

Labour — Coventry East

Speaking in the House of Commons on 4 December 2024

Debate

Future of Farming

Contribution

With any fiscal change, we look at the previous year’s figures to see what the impact will be. I am not going to get into the analysis around the figures—I want to make some progress. Those figures have been verified by our independent fiscal authority, the OBR. We know that the current-use rules have been used by wealthy landowners to avoid inheritance tax, and currently the largest estates pay a lower inheritance tax than smaller estates. That is not fair or sustainable.

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