V

Viscount Hailsham (Con)

Speaking in the House of Lords on 5 November 2024

Debate

Budget: Implications for Farming Communities

Contribution

My Lords, I declare an interest; while I no longer have agricultural land, members of my family do. Last year, on 20 December, the NFU issued a press statement which stated that Steve Reed, then shadow Defra Secretary, had assured the NFU that Labour had no plans to change agricultural property relief. The then NFU president said that “it’s good to see Labour has listened to our concerns and recognised the importance of keeping this policy”. Did the NFU misunderstand what Mr Reed said? Was Mr Reed unaware of the Chancellor’s plans? Had those plans been concealed from Mr Reed—or was the NFU being misled?

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