cover image: Tuition Tensions - Labour markets and education taxes

20.500.12592/1rlycnn

Tuition Tensions - Labour markets and education taxes

31 Aug 2024

The proposed VAT imposition on private schools in the UK poses challenges for schools, children’s, and the jobs their parents do. Parents who take their children out of private school may decide to work fewer hours, retire early, or leave the labour force altogether. This doesn’t just mean that many of these higher earners will pay less in tax. They’ll also be reducing their economic output, making businesses less productive, and which in turn will pay less business tax and VAT. This will be a drag on growth for years to come.

Authors

Maxwell Marlow

Pages
25
Published in
United Kingdom

Table of Contents