The CBI has published economic estimates for the UK Labour Government’s changes to Agricultural Property Relief and Business Property Relief, commissioned by Family Business UK, including a £14.8 billion hit to UK GVA over the next five years, a loss of 208,500 jobs, and therefore a net loss in tax revenue.
The Welsh Conservatives have called for the inheritance tax changes to be scrapped and have said that they threaten the breakup of the family farm.
Commenting on the threat to Welsh farming, Janet Finch-Saunders MS, said:
“The new research estimates the UK Labour Government changes to inheritance tax rules could lead to 208,500 job losses from family businesses and across their supply chains by the end of this Parliament.
“Reduced family farm activity is expected to lead to a £1.4 billion loss in gross value added over the next five years, adding further to the decline in agricultural productivity in Wales.
““The Welsh Labour Government have already clobbered the industry with the Wales-wide Nitrate Vulnerable Zone, proposed an economically disastrous Sustainable Farming Scheme, and fail to tackle bovine TB in livestock and wildlife, and now we have the UK Labour Government threatening the future of farming too, with the disastrous family farm tax.
“Every single MS and Welsh MP should be standing up for the future of farming in Wales and demanding that Labour governments at both ends of the M4 scrap policies that completely undermine the sector”.
ENDS
Mae'r CBI wedi cyhoeddi amcangyfrifon economaidd ar gyfer newidiadau Llywodraeth Lafur y DU i Ryddhad Eiddo Amaethyddol a Rhyddhad Eiddo Busnes, a gomisiynwyd gan Family Business UK, gan gynnwys clec o £14.8 biliwn i GYC y DU dros y pum mlynedd nesaf, colled o 208,500 o swyddi, ac felly colled net mewn refeniw treth.
Mae'r Ceidwadwyr Cymreig wedi galw am ddileu'r newidiadau i'r dreth etifeddiant ac wedi dweud ei bod yn bygwth chwalu'r fferm deuluol.
Wrth sôn am y bygythiad i ffermio yng Nghymru, dywedodd Janet Finch-Saunders AS:
"Mae'r ymchwil newydd yn amcangyfrif y gallai newidiadau Llywodraeth Lafur y DU i reolau treth etifeddiant arwain at golli 208,500 o swyddi o fusnesau teuluol ac ar draws eu cadwyni cyflenwi erbyn diwedd y Senedd hon.
"Disgwylir i lai o weithgarwch ar ffermydd teuluol arwain at golled gwerth ychwanegol gros o £1.4 biliwn dros y pum mlynedd nesaf, gan ychwanegu ymhellach at ddirywiad cynhyrchiant amaethyddol yng Nghymru.
"Mae Llywodraeth Llafur Cymru eisoes wedi taro’r diwydiant gyda'r Parthau Perygl Nitradau ledled Cymru, wedi cynnig Cynllun Ffermio Cynaliadwy sy'n drychinebus yn economaidd, ac wedi methu â mynd i'r afael â TB mewn da byw a bywyd gwyllt, a rwan mae gennym ni Lywodraeth Lafur y DU sy’n bygwth dyfodol ffermio hefyd, gyda'r dreth ffermydd teuluol drychinebus hon.
"Dylai pob Aelod o’r Senedd ac Aelod Seneddol o Gymru fod yn sefyll dros ddyfodol ffermio yng Nghymru ac yn mynnu bod llywodraethau Llafur o boptu’r M4 yn dileu polisïau sy'n tanseilio'r sector yn llwyr."
DIWEDD
