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Opinion: Is the Budget a dealbreaker for Labour's farming rest?

Chief reporter Rachael Brown looks at the critical pinch points for farming in next week's Budget, on top of the family farm tax

Rachael Brown
Chief Reporter
clock • 1 min read
Opinion: Is the Budget a dealbreaker for Labour's farming rest?

Whether a single critical event, like next week's Budget should be a defining ‘make or break' moment for Labour's farming reset, is something I have been deliberating in my head since Andy Burnham came into power back in the summer.

SIGN UP to Farmers Guardian's Budget Webinar: What you need to know from the Chancellor's Budget and how your farm business should react

Yes, the Budget is important, but we cannot just view it through a single lens of a U-turn on the family farm tax. There are so many other critical pinch points which this financial statement needs to deliver for farming and rural communities.

Chancellor's Autumn Budget

Will the Chancellor John Healey extend fuel duty relief? Will he increase the annual investment allowance from £1 million to £5 million, and will that include farm buildings and reservoirs? Will this Government continue to protect the national insurance exemptions for working pensioners? There are lots of things at stake here, not just one single policy.

But as we know, the family farm tax is the one policy that could truly threaten generational continuity on farms and our national food security going forward.

When I spoke to Mr Burnham back in the summer, he told me he ‘understood completely' that farming families needed to see how their farm can be passed on through the generations and that food and farming is part of the country's national resilience.

Well in just a few days we will know just how hard he was listening.

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