Chancellor of Exchequer Rachel Reeves starts delivering her speech at the dispatch box. She said 'change must be felt' and 'more pounds in peoples pockets'. The only way to drive economic growth is to 'invest, invest, invest', adding we must turn the page on the last 14 years.
South Norfolk MP Ben Goldsborough asked the Prime Minister what the Government's plan was to back British Farming and give farmers long term security, adding when the PM talks about working families, he thinks about his working farming families in his own constituency in Norfolk.
The PM said nobody did more damage that his nearby predecessor [Liz Truss] to rural communities. He said his Government would turn around 'Tory neglect' for British farmers in the upcoming Budget.
Commons chamber is full for PMQs, ahead of the Chancellor's Budget, with many MPs forced to stand at the back of the room. Many waiting to hear questions put to the Chancellor by opposition parties in relation to Labour's imminent Budget.
Prime Minister Questions has started ahead of the Chancellor's budget. As their last exchange with one another across the dispatch box, the Prime Minister thanks the outgoing Conservative leader, Rishi Sunak for his service.
Outgoing Conservative Party leader said he is looking forward to spending more time in Richmond, Yorkshire.
Sir Keir Starmer jokes that given the 'speed' that the Conservative Party goes through leaders he would not be surprised if he made a return.
Chancellor of the Exchequer Rachel Reeves is preparing the Labour Party's first financial statement for 14 years.
Speculation has been rife as to the areas Ms Reeves will focus on as she seeks to 'plug the £22 billion' funding gap the Labour Party said they have inherited from the Conservative Government.
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The key areas for the farming community are:
- proposed changes to Inheritance Tax
- Abolition or change to Agricultural Property Relief
- a rise in fuel duty
Farming groups have also issued warnings on the Agricultural Budget. Currently set at £2.4bn, fears abound that it will be cut by Ms Reeves, following news that there was a £358m underspend over the past Parliament.
READ NOW: Autumn Budget: Farming, have your say and tell us what you think
