Friday 3 February 2017

A Brexit upside - but you won't like it!

Did you see the report that rich landowners are getting a Brexit windfall? £500m of extra farming subsidies are being paid out to some of Britain's richest landowners and farmers. The Queen's farms will get an extra £150k on top of last year's £965k. Others to benefit include James Dyson (£250k more) and Sheikh Mohammed, who will get nearly £100k more for his land at his racing and stud stables in Suffolk.

Why? Because the subsidies are calculated in euros, the payouts are 16% up in sterling.

It's an ill wind that blows nobody any good.

I thought that would brighten your day.....but assuming it hasn't, maybe we could all agree that leaving the EU will enable us to redraw the rules on farm subsidies so we don't pay any public money to the likes of the Emir of Dubai and his horses.

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