The Prime Minister hits back at Labour's proposal to eliminate private schools' VAT exemption
Last night, Chancellor Rishi Sunak accused Labour leader Sir Keir Starmer of igniting a "class war" with his plan to impose a tax on private schools. Sunak denounced Labour's intention to "punish" parents who pay for their children's education, including his own hardworking parents. Sir Keir has promised to eliminate the VAT exemption for private schools and utilize the estimated £1.5 billion annual revenue from a 20% levy on fees to benefit state pupils.
Sunak defends parents' aspirations and criticizes Labour's approach
Rishi Sunak, an alumnus of the prestigious Winchester College, retaliated against Labour's proposal. He argued that Labour's stance demonstrated a lack of understanding towards families like his own, who work tirelessly to provide opportunities for their children. Sunak stated, "Labour’s approach to that is to clamp down on it. They don’t understand the aspiration that people have to provide a better life for their kids. They want to punish them for that as part of some class war. I don’t think that is right."
Keir Starmer emphasizes the importance of improving state schools
On the other hand, Sir Keir Starmer, yesterday, affirmed that he is "very comfortable" with individuals paying for private education. However, he emphasized the need for state schools to offer the same quality of education. The Labour leader wants to ensure that all children have access to excellent education, regardless of their economic background.
Labour's inheritance tax proposal targets family businesses and farmers
In addition to the private school tax, Labour is also considering an inheritance tax reform. This proposal aims to eliminate tax loopholes and generate up to £4 billion. However, it is expected to impact family businesses and farmers, who currently enjoy exemptions from this tax.
Labour aims for a fairer tax system
A Labour source confirmed that the party's objective with these proposals is to create a fairer tax system in the UK. By closing loopholes and redistributing the revenue, they aim to address inequalities and provide better opportunities for all.
