Alex Burghart

Alex Burghart

Conservative — Brentwood and Ongar

Speaking in the House of Commons on 20 November 2024

Debate

Engagements

Contribution

Perhaps the right hon. Lady thinks that everyone came to London yesterday to thank the Government. Let us look at the facts. A typical mid-size, 360-acre family farm in the constituency of my hon. Friend the Member for Thirsk and Malton (Kevin Hollinrake) have spoken to their accountant. Their new liability because of this Government is half a million pounds. That is 12 years’ worth of profit. When this generation passes away, that farm will become totally unviable, and it is just one of thousands and thousands of similar farms. It is clear the Government have not got their facts right. The Central Association for Agricultural Valuers—the real experts in this field—say so. The National Farmers Union says so; it is shortly to publish a report showing that 75% of all commercial farms will fall above the threshold. If the Government are not going to reverse this terrible policy, will the right hon. Lady at least commit to no further increases to inheritance tax and no further reductions in agricultural property relief or business property relief in this Parliament?

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