BY RICHARD TAYLOR On 1 July this year, the Government Actuary’s Department (GAD) told us the Teachers’ Pension Scheme (TPS) for England and Wales (TPS) had magically gotten £3.3bn a year cheaper! It hasn’t. From April 2027, the employer contribution to teachers’ pensions falls from 28.68% to 17.68% of salary, yet every teacher will still retire on exactly what they were promised before, in a … Continue reading The £309bn Pension Fund That Doesn’t Exist
BY RICHARD TAYLOR Compare and contrast the UK’s recent 20% tax on private education with the approach of US billionaire Joe Liemandt (pictured). His new Founders School in New York, with fees of $150k/£113.25k p.a., promises parents their money back if their offspring haven’t hit $1m/£760k in profit by graduation after four years minimum and $600k in fees. Founders School’s own FAQ is unambiguous about it: “What … Continue reading $1M Or Your Money Back
BY RICHARD TAYLOR For someone with zero classical education, the ideas of the French philosopher Voltaire, such as Le mieux est l’ennemi du bien, can seem rather abstruse. I know a little about Winston Churchill, such as his quote, ‘Perfection is the enemy of progress’. The ideas of both Voltaire and Churchill are relevant in the world of education as it grapples with the impact of artificial … Continue reading How Perfect is the Enemy of Good?
BY RICHARD TAYLOR Labour’s plans to implement 20% VAT on private education may have even wider unintended consequences for UK PLC than already well set out in multiple reports. First, let me say that I think this new tax is Keir Starmer’s equivalent of Tony Blair’s fox hunting legislation – ill-conceived, transactional and damaging to the UK. For anyone who supports it, I am still … Continue reading Australia’s Next Export Success – Private Education?
