Why Labour's private school tax raid is backfiring for Rachel Reeves

Families are scrabbling to avoid Labour’s tax raid on private schools by paying fees in advance. Analysis from the Daily Telegraph has found that Britain’s top 50 independent schools received £515m in advance fees last year, as parents paid upfront to avoid the 20 per cent levy that came into effect this year And this has got City AM's opinion editor Alys Denby wondering: Does Labour understand how tax works? Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Alys Denby, Scarlett Wild, Matt Kenyon #news #uk #labourparty #politics #politicalnews #economics #economy #business #businessnews #finance #financialnews #personalfinance #keirstarmer #starmer #rachelreeves #reeves #privateschools #tax #ukpolitics #ukeconomy #opinion