One of the UK’s oldest boarding schools has announced its decision not to increase its fees should the Labour Party come into power later this year. If Labour wins the upcoming General Election, it intends to remove the VAT exemption on independent school fees – adding 20 per cent to the cost.
Giggleswick School, in Settle, North Yorkshire, is believed to be the first school in the north of England to announce its decision not to pass this cost onto families, vowing to only increase fees in line with inflation. The potential savings for parents are substantial. The School’s current fees for a UK full boarder in Year 9 are £40,485 a year. If the school were to add VAT to parents, the cost would be £48,582.
' The School’s leaders are now exploring potential options for cost savings while ensuring the delivery of high-quality education remains a priority. Mr Hart added, “As a small rural school with limited resources, we face significant challenges in mitigating the impact of such policies. We are committed to not compromising the quality of our educational offering; however, it will mean restructuring programmes and staff, and unfortunately, reducing bursary support to cover the VAT bill.
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