Labour's tax plans will have a financial impact on both independent and state schools, ISC CEO warns

Posted on: 14 Jun 2024

Speaking to FT Adviser, chief executive of the ISC Julie Robinson warned that Labour’s VAT plans will have a financial impact not only on independent schools, but those in the state sector as well.

Ms Robinson said: "We remain concerned that Labour’s tax policy will not raise the money it has promised our state colleagues. It risks leaving them underfunded and oversubscribed.

"Independent schools have been working hard to keep fees affordable to parents – as evidenced by the below-inflation fees rise seen last year.

"While they will look to make efficiencies, between two-thirds and three-quarters of any school’s budget goes on staff, who are the most valuable resource in any school."

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