Motion

Protecting Farming Families Following the Autumn Budget 2024

Protecting Farming Families Following the Autumn Budget 2024
That this Assembly condemns the failure by the UK Government to prioritise farming families and the rural economy as part of the Autumn Budget 2024; notes with deep concern the decisions to introduce new thresholds for Inheritance Tax and Agricultural Property Relief, which will jeopardise succession planning on farms, create barriers for new entrants to agriculture and discourage investment in many farm businesses; further notes that these policies undermine the aim of increasing food security and promoting more sustainable and efficient farming practices; is equally alarmed that the Chancellor of the Exchequer has opted not to ring-fence farm support budgets or uplift levels of funding in line with inflation; calls on the Minister of Agriculture, Environment and Rural Affairs to bring forward proposals to mitigate the impact of these damaging policies on local farms, as well as avoid significant increases in food prices; and further calls on the Minister to work with the Minister of Finance to deliver an early and concrete commitment to farming families that current levels of financial support will not only be maintained but increased in the next financial year.
Private Members' Motion
05/11/2024
05/11/2024
19/11/2024
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