It’s conference season and with some of the accountancy bodies joining the circuit I’ll join ACCA and CIOT at some fringe Labour conference events in Brighton. Before heading off I was wondering what members thought of Labour’s new policy to to “integrate” private schools into the state sector.
The plan would abolish charitable status and all other public subsidies and tax privileges for private schools, with their land and other assets redistributed across the country’s educational institutions.
The loss of charitable status and asset redistribution would pose a lot of challenges for the sector – and accountants working within it. However, it might also see an expansion of the academy sector, where the private schools become part of the official system, but operating independently as academies. This has been a huge growth sector for accountants over the past few years. Do any members who work in the sector have deeper insights and suggestions about the likely impacts this policy might have?