Labour lines up attack on private schools

Under a Labour government, private schools could lose hundreds of millions of pounds in tax breaks unless they do more to help state schools.

Under a Labour government, private schools could lose hundreds of millions of pounds in tax breaks unless they do more to help state schools. Shadow education minister Tristram Hunt is threatening to axe business-rate relief worth around £700m over the next parliament unless they do much more than they currently do, in terms of sharing facilities, staff and expertise.

Writing in The Guardian, Hunt, who is privately educated, notes that although private schools educated only 7% of children, their students take up almost 50% of Oxbridge places. "The division between state and private education damages our society, stifles opportunity and, by wasting talent, inflicts damage upon our economy," he writes. England's public schools must rediscover their founding charitable ideals.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.