Labour’s headline policy leading up to the general election is to end tax breaks for private schools in the UK. This policy, previously adopted under Jeremy Corbyn, is under renewed scrutiny as Keir Starmer’s party is ahead in the polls. If Labour wins, they plan to remove tax exemptions for private schools, particularly VAT on fees, generating an estimated £1.5bn annually. The aim is to invest this in the state education sector, funding more teachers and mental health support staff.
What impact will it have?
Critics fear an increase in private school fees, potentially leading to an exodus of students to state schools. However, a report by the Institute for Fiscal Studies suggests only a modest decrease in private school attendance. Some small independent schools are already feeling the pressure, with one closing due to declining pupil numbers.
Could the policy have unintended consequences?
While concerns exist about additional pressure on state schools, some argue the impact will be manageable. Schools are accustomed to handling fluctuating student numbers, and the shift from private to state education could even bring extra funding. Overall, the policy aims to address inequality in education funding and improve the quality of public schooling.
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