Labour’s Private School VAT Raid Falls Apart As Parents Simply Pay Early

The UK’s top 50 private schools took in a whopping £515 million in fees upfront last year to beat Rachel Reeves’ VAT raid. That’s up from £121 million in 2023. Combined with the closure of 54 independent schools and the 11,000 or so fall in pupil numbers, the Treasury’s hope of using the 20% VAT hike on fees to pay for just about everything is quickly diminishing.[…] Read the rest