Private schools to be taxed £1.7bn to fund state education under Starmer plans

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Sir Keir Starmer has revealed that if Labor wins the next election, private schools will be taxed at £1.7 billion to improve the country’s government schools.

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Marking the second day of the party’s annual convention, the Labor leader insisted he could not “justify” the charitable status enjoyed by fee-paying institutions.

The party said it would seek to raise funds by eliminating the VAT exemption, which is estimated to bring in £1.6 billion, while closing a separate loophole on the trade tax of more than £1.6 billion.

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Labor said it would use the money to ensure every child has access to a computer device at home and a “renewal plan” for the 1.3 million devices distributed during the COVID pandemic to school children without adequate access. ” be installed.

Sir Keir said the move would ensure students were “equipped for life”, sunday mirror: “Labor wants every parent to be able to send their child to a great state school.

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“But it costs money to improve them to benefit everyone. So we can’t justify continuing charitable status for private schools.”

The Labor leader also said he would like to see a “rethink” on education, with the Covid pandemic highlighting the widening gap between children from rich and poor families.

Party deputy leader Angela Rainer said: “Private schools should not get a tax exemption. Labor will tax private schools and spend the money on helping children who need it.

The resolution to end the charitable status of private schools in England was also included in Jeremy Corbyn’s 2019 manifesto, which seeks to “use that money to close the tax loopholes enjoyed by elite private schools and improve the lives of all children.” promised to do.

The announcement was made on the first day of the party’s annual convention due to internal wrangling over an overhaul of Labor’s rulebook, forcing Sir Keir to reduce his proposals due to considerable opposition.

Later today, the convention will vote on new rules, including raising the threshold for MPs nominations for future Labor leadership contenders from 10 percent to 20 percent – a move opposed by left-wing lawmakers.

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Credit: www.independent.co.uk /

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