NFU Emphasises Need for Investment in British Agriculture

Raymond discussed the challenges and opportunities presented by Brexit, and the determination of the farming industry to succeed when Britain leaves the EU. Michael Saunders, member of the Bank of England’s Monetary Policy Committee, also gave his view of the state of the economy.

Meurig Raymond said, “Today’s meeting was held at an opportune time to discuss the farming sector’s aspirations post-Brexit with major players in the banking industry, and emphasise the important part that they play in securing a profitable future for farming.

“We were delighted that Michael Saunders from the Bank of England was here today and it was reassuring to see the bank is keen to better understand the farming industry. We emphasised the role that food and farming can play in helping to grow the UK economy.

“Farming will continue to be a vibrant and dynamic industry, one that grabs innovation with both hands. It is important that government and the banks recognise the importance of investment and that farming can look forward to continued financial support for such a vital sector in the future.” 

Banks in attendance included Barclays, Lloyds, RBS and Natwest, HSBC and Clydesdale Bank.