Helen slams Government’s Family Farm Tax following budget assessment

Shocking figures have revealed that Labour’s proposed inheritance tax hike on family farms will ‘barely move the dial’ on the public finances.

The latest report from the OBR suggests that the government's changes to agricultural property relief will have little effect on public finances whilst impacting farming communities already struggling with declining incomes, high energy bills and botched trade deals.

The OBR said that its 'central estimate' was that the policy will raise £500m by 2029/30.

Many farmers already make less than minimum wage and changes to inheritance tax will mean that farms are sold to larger, more corporate organisations, hurting family farms and local communities.

Helen has petitioned local farmers on the issue and met with a group in Westminster during the farming protests earlier in the year.

Helen Morgan, MP for North Shropshire, said, "Farming is the backbone of the rural economy, and the sector is integral to our way of life in Shropshire.

“The recently published OBR report confirms what we everyone knows in Shropshire – that Labour have got this wrong, and must Scrap the Family Farm Tax.

“It is deeply worrying to see that expected revenue is so uncertain and unstable for two decades, which just proves that Labour’s rationale doesn’t stack up.

“Hundreds of farmers signed my petition calling on the Chancellor to rethink. The case for that has never been stronger than it is now.”