Private schools will be taxed Â£ 1.7bn to fund improvements to public schools across the country if Labor wins the next election, Sir Keir Starmer has revealed.
Marking the second day of the party’s annual conference, the Labor leader insisted he could not “justify” the charitable status enjoyed by fee-paying institutions.
The party has said it will seek to raise funds by ending the VAT exemption, which it says would bring in Â£ 1.6bn while closing a separate loophole on business tax valued at over Â£ 104million.
Labor added that it would use the money to ensure every child has access to a computing device at home and establish a “renewal program” for the 1.3 million devices delivered during the Covid pandemic to schoolchildren without adequate access.
Sir Keir said the move would ensure students are “equipped for life,” said the Sunday mirror: âLabor wants each parent to be able to send their child to a large public school.
âBut improving them for the benefit of all costs money. This is why we cannot justify maintaining charitable status for private schools â.
The Labor leader also said he wanted to see a ‘rethink’ of education, with the Covid pandemic exposing the growing divide between children from rich and poor families.
Angela Rayner, deputy party leader, added: âPrivate schools should not get tax relief. Labor will tax private schools and spend the money to help children who need it.
The vow to end the charitable status of private schools in England was also included in Jeremy Corbyn’s 2019 manifesto, with the pledge to “close tax loopholes that elite private schools enjoy and use this money to improve the lives of all children â.
The announcement comes after the first day of the party’s annual conference was overshadowed by internal feuds over an overhaul of Labor rules, with Sir Keir being forced to water down his proposals in the face of considerable opposition.
Later today, the conference will vote on the new rules, which include raising the threshold for the nomination of MPs for future Labor leadership candidates from 10 percent to 20 percent – a decision opposed by left-wing deputies.