Member

How on earth is it fair that a family business in my constituency has already been told that its BPR liability will be more than £800,000? It employs 250 people in Keighley, and the professional advice it has been given to mitigate that tax liability is either to dispose of assets, or to dispose of shares in the business. Either way, that family are losing the productivity of their business and potentially exposing a number of jobs, and they may have to give away the ownership of a business that has been in the family for four generations. This is bad policy by the Government. They may have raised the threshold, but it is quite clear to me and the many stakeholders I have spoken to that they have not done their homework when looking at the practicalities of the implementation. That is why Conservative Members will continue to take the narrative that the family farm tax and the family business tax must be axed in their entirety.