In a letter to the Chancellor, NFU President Tom Bradshaw outlined several practical measures required to increase investment and productivity in the farming sector, including effective use of tax reliefs, a push for greater energy resilience and a stable policy framework to encourage investor confidence and boost economic growth.
The NFU is also calling on the government to maintain the current reduced rates of fuel duty for red diesel.
Speaking after sending the NFU’s asks to the Chancellor, NFU President Tom Bradshaw said: “While we have seen some common sense prevail on inheritance tax, the wider industry is still operating on razor-thin margins and with a lack of certainty which is stopping investment.”
“These actions government could take are critical to creating a positive climate where farmers and growers have the confidence to invest”
NFU President Tom Bradshaw
The NFU has set out its priorities to the Chancellor which we believe will help deliver our shared mission with government to drive economic growth.