Alex Sobel

Alex Sobel

Labour (Co-op) — Leeds Central and Headingley

Speaking in the House of Commons on 31 October 2024

Debate

Income tax (charge)

Contribution

I accept that the hon. Gentleman has great experience in farming, but did he read the analysis by Professor Andy Summers of the London School of Economics, which shows that the £1 million relief is on top of the £1 million couples allowance? The benchmark is really £200 million farms, and the average estate value is lower, so only about 200 estates will be affected a year. In this case, only a small number of UK farmers will be affected, and it is not the armageddon for farms that the Conservatives are claiming.

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