Private schools will be taxed £1.7bn to fund improvements to the country’s state schools if Labour wins the next election, Sir Keir Starmer has revealed. On the second day of the party’s annual conference, the Labour leader insisted he could not “justify” the charitable status enjoyed by the fee-paying institutions.
This did not come as a shock as the party said it would seek to raise the funds by ending the VAT exemption currently in place, which it estimated would bring in £1.6bn, while closing a separate loophole on business tax, adding over £104m.
Labour added that…
