FT get leaked speech...

B'o'B

Member
Arable Farmer
Location
Rutland
Link to a Finacial Times article about the government plans for subs over the next few years 😢 Apparently they have been leaked the speech George Eustice is going to give on Monday

Click here - Www.ft.com
 

Sid

Member
Livestock Farmer
Location
South Molton
Source is FT


However, under the plans seen by the Financial Times, English farmers currently receiving more than £30,000 a year are set to face cuts even higher than 50 per cent by 2024, with the slice of payments between £30,000 and £50,000 to be cut by 55 per cent from their pre-Brexit rates, the portion up to £150,000 to be cut by 65 per cent, and any payments beyond that to be slashed by 70 per cent.
 

Sid

Member
Livestock Farmer
Location
South Molton
Given the author of the speech, why am I not surprised?:(

We’ve taken back control though.👍
Screenshot_20201127-193315_Twitter.jpg
 

Hindsight

Member
Location
Lincolnshire
Source is FT


However, under the plans seen by the Financial Times, English farmers currently receiving more than £30,000 a year are set to face cuts even higher than 50 per cent by 2024, with the slice of payments between £30,000 and £50,000 to be cut by 55 per cent from their pre-Brexit rates, the portion up to £150,000 to be cut by 65 per cent, and any payments beyond that to be slashed by 70 per cent.

That is about the rate of reduction expected though, isn't it? Phasing out by 2027. Possibly a bit faster than some commentators were forecasting - but tied into payments for CSS and ELMS?
 

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