Hilary Benn

Hilary Benn

Labour — Leeds South

Speaking in the House of Commons on 11 February 2026

Debate

Economic Impact of Government Policies

Contribution

As the hon. Member will be aware, the Government announced that the allowance for 100% rate relief will be increased from £1 million to £2.5 million. That means that a couple will now be able to pass on up to £5 million tax-free between them, on top of the existing allowances such as the nil-rate band. The president of the Ulster Farmers Union, William Irwin, welcomed the changes. In fact, he said: “We are in a better position today than we were yesterday”.

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