Eyebrows have long been raised about the widely-cited “independent” Institute for Fiscal Studies report into private school VAT. It has been used to “fact check” widely-held worries that Starmer’s class war on private schools will 1) funnel unsustainable numbers of children into the state system, and 2) not raise enough money. The report has for many months been the only shield for Labour politicians seeking to bat away legitimate concerns over its tax plan…
Last week it was confirmed that already 10,540 fewer students are at private schools – and that’s before Labour’s tax is even introduced. The IFS claimed 17,000-40,000 students in total would shift to the state sector. Co-conspirators might wonder why their report is so sympathetic to Labour’s policy…
As it turns out the caveat-filled report’s only author Luke Sibieta has been close mates for years with the Labour minister responsible for its implementation. Sibieta and Matthew Pennycook lived together in the noughties – Pennycook was even Sibieta’s best man at his wedding. Details of which have been meticulously scrubbed from almost everywhere on the internet…
The government has confirmed that the business rates policy change, one half of the tax raid on private schools, “will be legislated for through a Local Government Finance Bill led by the Ministry of Housing, Communities and Local Government.” Pennycook’s department…
Lobby journalists treat interventions from ‘independent’ tax-fanatics at the IFS – such as today’s new call to massively hike capital gains tax – as gospel. Maybe when hacks work out that these wonks might not be as impartial as they are so desperate to appear they will treat endlesss calls for tax increases with a little more scepticism…
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”
