Labour’s class war scheme to impose VAT on private school fees may end up raising no money at all, a think tank has warned. Party officials had estimated their plan to levy another 20 per cent on top of parents’ current costs would raise £1.6 billion, which would go towards funding their extensive government spending plans. But a report released today by the EDSK think tank – a non-partisan organisation focusing on education and skills for learners – has said the policy could raise zero additional revenue.

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