NFU Calls for Government to Renew Relationship with Farmers and Growers at Budget

Strategic Insights -

The National Farmers' Union (NFU) is urging the government to introduce measures that will ignite investment and growth in the farming industry at the upcoming Budget. According to the NFU, the changes to inheritance tax announced last year have knocked confidence among farmers and growers, leading them to make difficult choices about where to cut investment on their farms. NFU President Tom Bradshaw warns that this could have serious implications for food supplies and the economy, which relies heavily on the farming sector.

Key Takeaways:

  • The NFU is calling on the government to renew its relationship with farmers and growers by introducing measures to boost investment and growth in the industry.
  • The changes to inheritance tax announced last year have knocked confidence among farmers and growers, leading them to cut investment on their farms.
  • The farming sector is crucial to the UK economy, producing £153-billion in value and supporting 4.2-million jobs.
  • The NFU has urged the Chancellor to take the "handbrake off" of Britain's farmers and explore alternatives to the family farm tax.
  • Without investment in farming today, the NFU warns that the country risks food supplies for tomorrow.
  • The NFU President, Tom Bradshaw, has urged the government to work with the union to unlock investment in British food production.

Statistics:

  • The farming sector is worth £153-billion to the UK economy.
  • The farming sector supports 4.2-million jobs.
  • The NFU is urging the government to take action to boost investment in the farming industry.
  • The Chancellor has been urged to explore alternatives to the family farm tax.
  • 4.2-million jobs are supported by the farming sector.
  • The UK's largest manufacturing sector is worth £153-billion to the economy.

Sources:

  • The National Farmers' Union (NFU) is quoted as saying that conservation has been knocked most severely by the changes to inheritance tax.
  • This article is referenced in the source material as a link to the original article.