Laurent-Perrier: King’s champagne supplier blames private school VAT for sliding sales Retail Labour’s introduction of VAT on private school fees contributed to profit at Laurent-Perrier, which supplies King Charles III with champagne, being significantly cut during its latest financial year. The division of the French giant has said its sales were impacted not only by the Labour government extending VAT to school fees but also higher interest [...]
Haileybury: Inside the private school producing sport stars like Piastri Sport Business Haileybury boasts some of Britain’s great modern athletes, and now they’re supporting Australian Oscar Piastri as he chases a world title. But how do they churn out talent? Formula 1’s man to beat at the moment is Oscar Piastri and, while a sportsperson from Melbourne may usually be associated with schooners, shoeys and thongs, there’s [...]
Entrepreneur slams No 10 wealth grab – despite getting taxpayer-backed loan Business The founder of a hot tub and plunge pool business has said he understood why “the masses” were leaving Britain and was accelerating plans to do so himself, despite his firm recently receiving a taxpayer-funded loan to fuel its international expansion. Rob Carlin, who runs Derbyshire-based spa company Superior Wellness, blamed a succession of punitive [...]
Top private school faces job cuts after Reeves’ tax grab June 21, 2025 A prestigious private school has said it may be forced to make job cuts due to the Labour government’s removal of VAT exemption on school fees. Edinburgh-based Fettes College – where former Prime Minister Tony Blair is among alumni – has said the introduction of VAT on school fees contributed to the “difficult” decision to [...]
Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions May 13, 2025 One of the top private schools in the UK is “taking stock” as it warns Chancellor Rachel Reeves’ tax hikes will cost it millions. Gresham’s School, whose former students include Sir James Dyson – who donated £35m in 2023 – added it will have to now take action to make sure it “does not become [...]
New data reveals VAT on school fees could hike costs by £75,000 April 28, 2025 The government’s policy of VAT on school fees would introduce a price hike in excess of £75,000 for families sending children to independent schools, according to new analysis by wealth manager Rathbones. According to the data, the average cost of sending a child to an independent day school for the duration of their time at [...]
City braces for inflation rebound February 17, 2025 City analysts expect the headline rate of inflation to rise to 2.8 per cent, up from 2.5 per cent in December.
VAT on private school fees to hammer ‘crisis-hit’ special needs provision January 23, 2025 Rachel Reeves’s controversial Budget decision to impose VAT on private school fees will hit the most vulnerable special educational needs students hardest, an expert has warned. The Chancellor confirmed at the Autumn Budget that fees are set to be taxed 20 per cent, which the government claims will benefit the Treasury to the tune of [...]