The independent schools crisis is only just beginning
From our UK edition
Ever since the sudden and cruel imposition of VAT on independent school fees at the start of the year, much of the media focus has been on the number of school closures. The first to go have been prep schools and schools in rural areas far from London and the south-east. Trust me, this is really only the beginning. Savvy parents have always known a reduction in those shiny buildings won’t matter that much in the end Only a very small number of independent schools will be completely immune from the current financial pressures and – in the next couple of years – that will start to become increasingly obvious. While many might not close, there will be more mergers and acquisitions, and a scramble for schools to enjoy the benefits and protections of being part of a larger group.
