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| Version 1 | Version 2 |
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| Farmers should calm down over tax - first minister | Farmers should calm down over tax - first minister |
| (33 minutes later) | |
| Eluned Morgan said initial calculations showed there were a "tiny proportion" of farms involved | Eluned Morgan said initial calculations showed there were a "tiny proportion" of farms involved |
| Wales' first minister has called for farmers to "calm down a bit" over changes to inheritance tax. | Wales' first minister has called for farmers to "calm down a bit" over changes to inheritance tax. |
| Rachel Reeves' budget proved controversial in the agricultural sector after she announced an end to exemptions for some farms. | Rachel Reeves' budget proved controversial in the agricultural sector after she announced an end to exemptions for some farms. |
| Marking her 100 days in the job in a BBC Radio 5 Live phone-in, Eluned Morgan said initial calculations showed there were a "tiny proportion" of farms affected, but said how many was still being figured out. | Marking her 100 days in the job in a BBC Radio 5 Live phone-in, Eluned Morgan said initial calculations showed there were a "tiny proportion" of farms affected, but said how many was still being figured out. |
| "I just think we should just all calm down a bit until we are clear about how many farms will be affected, and we are crunching the numbers on that," she said. | "I just think we should just all calm down a bit until we are clear about how many farms will be affected, and we are crunching the numbers on that," she said. |
| During the programme Morgan also said she did not think the incoming president Donald Trump is racist. | |
| She said the UK has to "keep as good a relationship with the United States as we can". | She said the UK has to "keep as good a relationship with the United States as we can". |
| From April 2026, farms worth more than £1m will face an effective inheritance tax rate of 20% - half the usual rate of 40%. | From April 2026, farms worth more than £1m will face an effective inheritance tax rate of 20% - half the usual rate of 40%. |
| The National Farmers Union has called it "disastrous" for family farms, saying it would see farmers forced to sell land to pay the tax. | The National Farmers Union has called it "disastrous" for family farms, saying it would see farmers forced to sell land to pay the tax. |
| Speaking to Nicky Campbell, Morgan said it was a UK government responsibility. | Speaking to Nicky Campbell, Morgan said it was a UK government responsibility. |
| "We know the first million is 100% relief. If you have a partner, that's another million, another 100% relief on the second million. | "We know the first million is 100% relief. If you have a partner, that's another million, another 100% relief on the second million. |
| "So we're getting up to quite big numbers. | "So we're getting up to quite big numbers. |
| "The initial calculations that we've made is that there will be a tiny proportion of farmers in Wales affected by this. | "The initial calculations that we've made is that there will be a tiny proportion of farmers in Wales affected by this. |
| "So I just think we should just all calm down a bit until we are all clear about how many farms will be affected, and we are crunching the numbers on that as we speak." | "So I just think we should just all calm down a bit until we are all clear about how many farms will be affected, and we are crunching the numbers on that as we speak." |
| BBC Verify has reported that the likely number of farms affected in the UK each year is around 500. | BBC Verify has reported that the likely number of farms affected in the UK each year is around 500. |
| The largest estimate, 70,000 from the Liberal Democrats, relates to the total number that could ever be affected. | The largest estimate, 70,000 from the Liberal Democrats, relates to the total number that could ever be affected. |
| Eluned Morgan took the helm of the Welsh government in the summer after months of upheaval over the leadership of Vaughan Gething. | Eluned Morgan took the helm of the Welsh government in the summer after months of upheaval over the leadership of Vaughan Gething. |
| In the phone in the first minster defended the 20mph speed limit in mostly built up areas on the programme. | In the phone in the first minster defended the 20mph speed limit in mostly built up areas on the programme. |
| Admitting that to say it was controversial was an "understatement", she said there had been a significant reduction in accidents. | Admitting that to say it was controversial was an "understatement", she said there had been a significant reduction in accidents. |
| On waiting times in the NHS, Morgan said she recognised "that we have a huge amount to do", and said she had announced £28m to help cut long waits. | On waiting times in the NHS, Morgan said she recognised "that we have a huge amount to do", and said she had announced £28m to help cut long waits. |
| Challenged on the expansion of the Senedd, the first minister said the legislature is "much smaller than other parliaments". | Challenged on the expansion of the Senedd, the first minister said the legislature is "much smaller than other parliaments". |
| "It's more difficult to have more people scrutinizing me, but there's plenty of evidence to suggest that when people like me are scrutinized, we do a better job." | "It's more difficult to have more people scrutinizing me, but there's plenty of evidence to suggest that when people like me are scrutinized, we do a better job." |