Private school fees will double for the next generation under a Labour government, research suggests.
The average cost of sending a student to boarding school will be £688,000 by 2036 if fees continue to rise by 5pc a year, according to a study carried out by Weatherbys Private Bank.
This is almost double the overall cost of £378,000 of private education for sixth formers completing their A-levels this summer, assuming they began their fee-paying education from the age of seven, the bank said.
Inflation adjustments, real prices please!
Still, puts military and diplomatic pay in a new light – they get some (military, most in fact) to all (diplomatic) paid for by government.
In fact, if you intend on being particularly fertile, two jobs hubby and wife, in either of those two would probably be the best paid job in the country. 6 kids, say, 12 years on maternity, £4 million or so in school fees paid plus full inflation linked pensions. Outside banking hard to beat that.
And you wouldn’t even have to see them all that much.
Would they also pay if the offspring were fathered by the same energetic military chap on different women?
I took part in a children’s centred litter pick today. The kids were great for about 45 minutes, then started to get bored, asked to go further, disobeyed instructions, one child took two litter pickers and pretended to have crutches.
I don’t get why Chinese or Nigerian parents choose private schools for their kids. They are immaculately behaved and disciplined before they go, but I can get why the British parents choose it.
How they make it to 18 without being killed by their parents or killing each other is a blooming mystery. 2/3million to get someone else in who gives a damn, unlike the state machinery who don’t, looks like a good deal.
Anyways I saved a child’s life by leaving early (Chubby Brown joke).
‘Would they also pay if the offspring were fathered by the same energetic military chap on different women?’
Perhaps if all the women were also in the military Sam.
Weatherby’s Private Bank appear to have discovered the Rule of 72.
Anyway, once fees start to rise how many accounts will they be closing? How many of those accounts will belong to members of the Officer, Diplomatic or other Government Corps?
I don’t get why Chinese or Nigerian parents choose private schools for their kids. They are immaculately behaved and disciplined before they go
The evidence, ie Nigeria, suggests a widespread lack of immaculate behaviour and discipline. Unless, of course, the little angels undergo a remarkable transformation at maturity.
@MC
Immigrants from a country are a very unrepresentative sample of the population as a whole. They are the ones who want a better life and are willing to work hard to get it. The lazy ones get left behind.