Meeting of the Parliament 13 November 2024
Thank you, Presiding Officer.
Let me be clear that very few family farms are worth in excess of several million pounds. Indeed, the latest figures show that, across the UK, the top 7 per cent—the largest 117 claims—account for 40 per cent of the total value of agricultural property relief. That shows that it is not all farms; it is the minority.
The Labour Party will put the public finances on a secure footing and that means tough decisions. The £22 billion black hole left in this year’s budget alone has had devastating consequences for the country.
We also need to recoup some of the billions of pounds given to the Tory cronies during Covid. [Interruption.] While citizens followed the rules, the Tories splurged, lining the pockets of their pals, and partied into the night. [Interruption.] Their arrogance is breathtaking.