Steve Reed defends imposing inheritance tax on some farms and blames state of finances under Conservatives
In an interview with the BBC, Steve Reed, the environment secretary, defended imposing inheritance tax on some farms when Labour said in opposition that it was not planning to do that. Asked why the government changed its mind, he replied:
After we won the election, we discovered that the Conservatives have left a £22bn black hole in the public finances. And if we want to fix our National Health Service, rebuild all schools, provide the affordable housing that rural communities and across the country rely on, then we’ve had to ask those with the broader shoulders to pay a little bit more.
I’m sure we all feel betrayed because of the state that the Conservatives left the economy in. A £22bn pound black hole isn’t a small problem. It’s massive, and fixing that is necessary if we want to stabilise the economy and rebuild our public services.