Markus Campbell-Savours

Markus Campbell-Savours

Labour — Penrith and Solway

Speaking in the House of Commons on 12 January 2026

Debate

Finance (No. 2) Bill

Contribution

I rise to speak in favour of Government amendment 24 and the associated amendments that will increase the 100% allowance cap for agricultural property relief from £1 million to £2.5 million. In December, I believe I closed my last speech on this issue with a plea for the Government to listen to my more reasonable rural colleagues and to change course. I said that it was not too late. It was a plea, but for many of my constituents it was a prayer, and much to the relief of many farmers, it was a prayer answered on 23 December. It would be churlish of me not to thank the Government for seeing sense, as it would be not to thank the Members from across the House who have raised this issue consistently over the last year. While this amendment falls short of the full U-turn I would have preferred, today I will vote with the many rural Labour MPs who lobbied Ministers for many months to see this change. They may not have joined me in the No Lobby to vote against Budget resolution 50, but I have no doubt that we would not have seen a change of course without what I believe the Government have called their “constructive engagement”. I know what many of them did, and I hope in time that their constituents and their farmers know what they did, too. I regret being placed in a position where I voted against the Government, but not to do so would have broken a promise. However, I believe the Government had more than ample time to reconsider this policy. To see colleagues whipped to vote for the measure days before the Government proposed amendments that some colleagues had called for over a year ago caused unnecessary pain. On that, I hope lessons are learned. Now, Whip or no Whip, I look forward to supporting this Government in their important task of helping all working people thrive.

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