(4 months, 4 weeks ago)
Commons ChamberIf the hon. Member will forgive me, I had better press on, as I might be stretching Madam Deputy Speaker’s patience. Early in my time facing her in the Chair, I do not want to get off to a bad start.
We will be looking to see exactly what the 6,500 target covers, by when and, crucially, how it will be achieved.
The one subject in education that got a lot of coverage in the media and elsewhere during the election campaign was the taxation of independent schools. We recognise that that was in the Labour manifesto, but it is still wrong-headed. It will not hit the famous big-name schools, but it will hit small-town schools, families of children with special educational needs and certain religious faiths. Most of all, in the biggest way, it will hit state schools. We do not know how big the displacement effect will be of families who can no longer afford to send their children to their independent school, and we cannot know because there is no precedent, but we know that it will be a material number.
One thing that has not been discussed in this debate about extra taxation on private schools is that they generate £1 billion a year in export wins: this could have an effect on the country’s current account deficit.
We must not get into a long debate on this, but my hon. Friend is absolutely right that export earnings is part it, as is multinationals’ choice of this country to site their headquarters. All these things are considerations, including the Ministry of Defence.
I inadvertently skipped over the hon. Member, so I give way to him now.