Labour is planning to scrap discounted business rates for private schools and charge VAT on fees if it comes to power, according to a leaked document. The Independent reports.
The policy is estimated to have the potential to bring in £1.64bn a year.
The shadow Treasury memo which has been seen by The Daily Telegraph, includes plans drawn up by shadow chancellor John McDonnell‘s team. The newspaper reported that they are part of Labour’s “preparing for government” strategy in anticipation of an early election.
Labour said it does not comment on leaks, but one source said: “Private schools help hoard wealth, power and opportunity for the few. We’re proud that at the last election, we said we’d tax private schools and pay for free school meals for all primary school kids.”
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