Source · Select Committees · Welsh Affairs Committee
2nd Report - Farming in Wales in 2025: Challenges and Opportunities
Welsh Affairs Committee
HC 785
Published 12 November 2025
Conclusions (4)
5
Conclusion
Not Addressed
We are concerned that the UK Government has been unable to provide any clarity on the specific impact of its proposed IHT reforms in Wales or supply any Wales-specific data. Only UK-wide figures for farming estates potentially liable to pay IHT have been published, and no disaggregated data for Wales …
Government Response Summary
The government acknowledges concerns about IHT reforms by increasing the 100% relief allowance to £2.5 million, but does not provide clarity or Wales-specific data on the impact, instead referring to a UK-wide technical note.
7
Conclusion
Not Addressed
The Government was complacent in the way it introduced such a major change to the tax treatment of farms in Wales. The absence of an assessment of the impact on Welsh farming estates created a vacuum which was filled by different organisations publishing competing statistics which predicted a varying scale …
Government Response Summary
The government acknowledges concerns about IHT reforms by increasing the 100% relief allowance to £2.5 million but does not address the committee's criticism regarding its complacent approach or the absence of a Wales-specific impact assessment.
20
Conclusion
We recognise that there is some dissatisfaction among stakeholders concerning the effectiveness and scope of the Groceries Code Adjudicator. There remain concerns about whether the Groceries Code Adjudicator has sufficient powers to address the full spectrum of challenges facing the Welsh agricultural sector. (Conclusion, Paragraph 101) 43 The Future
23
Conclusion
The UK’s food security is dependent upon sustainable domestic production, and by that measure the trends in Wales should be cause for concern. The number of people employed in the industry in Wales has declined, trade with key European markets has declined and livestock numbers in Wales have declined. We …