
Can private schools survive Labour’s VAT raid?
As Labour edges closer to power, any hindrance to that goal is being ruthlessly removed. The £28 billion pledge in green spending has been dropped; plans to elect the House of Lords delayed. Bankers’ bonuses will remain uncapped. City financiers are subjected to prawn cocktail offensives at £1,000-a-head soirées to hear Rachel Reeves preach fiscal probity. ‘My instinct is to have lower taxes,’ the shadow chancellor insists. Yet it’s an instinct that seems absent when it comes to easy targets such as the 2,500 independent schools in England and Wales on which Reeves wants to levy VAT and business rates. Both publicly and privately, Labour insists this pledge will remain.
