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Shropshire Farming Talk: Will the General Election affect the rural property market?

  • 📰 ShropshireStar
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With the impending general election at the forefront of everyone’s mind, particularly as the parties up their efforts on the campaign trail, Home county and London markets are reporting an instant downturn in activity whilst the more provincial markets appear to be less immediately affected.

Meanwhile all current lgislation is now either on hold or abandoned due to the"purdah” period.

This leads to a further period of uncertainty as businesses and households grapple with the evolving policies of the various political parties. Reforming the planning system won’t happen overnight as it is underfunded and bogged down with fractured interest groups. The move from area-based farm subsidy payments to environmental payments under SFI may have some unpalatable impacts on food production. That was all fine until the war in Ukraine, but food security is back on the agenda having been abandoned since the 1990’s and no government can risk a hungry revolting electorate.

 

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