Agricultural Property Relief and Business Property Relief

Lindsay Hoyle Excerpts

Monday 5th January 2026 Commons Chamber

[Dan Tomlinson]

Yes, I do believe that we have got the balance right. It is worth noting that the top 4% of claims accounted for over half the Exchequer cost of business property relief and the top 7% of claims accounted for 40% of the Exchequer cost of agricultural property relief. That is hundreds of millions of pounds in tax that was forgone but will now be raised under these changes from the very largest estates. I thank my hon. Friend for his engagement on this issue over recent weeks and months.

[Mr Speaker]

I call the Liberal Democrat spokesperson.

[Daisy Cooper (St Albans) (LD)]

Happy new year to you, Mr Speaker, and to House staff and all Members in the Chamber. This policy was a disaster from the get-go. It came with no warning, no consultation and no clue. The Liberal Democrats were the first party to point out the damage it would do to family farms. We have repeatedly and clearly highlighted that it would fail to tackle the loopholes exploited by private equity companies but hammer the family farm, damaging our food security in the process. The changes are welcome, but they do not touch the sides, and they are a clear admission by the Government that they have got it badly wrong.

There is now only one sensible course of action left: to scrap the policy in its entirety. Will the Government now do that? If not, the Liberal Democrats will table amendments to the Finance Bill to bring this measure down. Will the Government allow a free vote so that those on their own Benches who want to vote against the measure are free to do so?

--- Later in debate ---

[Dan Tomlinson]

I thank my hon. Friend for her question and for her work on the Environment, Food and Rural Affairs Committee on this and many other important issues that affect rural communities up and down the country, as well as in her constituency—a fantastic part of the world that I am sure I will be able to visit soon. She is right that the Government are taking steps—for example, through our £11.8 billion fund to support sustainable farming and food production—and I look forward to working with Ministers in other Departments and across Government to ensure that we continue to support our rural and farming communities.

[Mr Speaker]

I call the Chair of the Environment, Food and Rural Affairs Committee.

--- Later in debate ---

[Dan Tomlinson]

My hon. Friend is right to say that we on this side of the House are the true and better representatives of the rural community. There are over 150 MPs on this side of the House who represent rural or semi-rural constituencies—I believe that there are as many Labour MPs representing rural constituencies as there are MPs on the blue Opposition Benches.

[Mr Speaker]

I call the Chair of the Public Accounts Committee.

[Sir Geoffrey Clifton-Brown (North Cotswolds) (Con)]

Thank you, Mr Speaker, and a happy new year to you and your staff. Farmers in my constituency will welcome this change to the thresholds for APR and BPR. However, it took 14 months to achieve it and rural communities really do feel discriminated against by some of the measures that this Government are taking against them. I ask the Minister to convey to his colleague, the Minister for Food Security and Rural Affairs, who is sitting on the Treasury Bench, that the Government should not enact any changes to shooting or trail hunting, because to do so would really damage and annoy rural communities?