Question to the HM Treasury:

To ask the Chancellor of the Exchequer, on what projects her Department plans to spend the revenue raised from VAT on independent school fees in the (a) 2024-25 and (b) 2025-26 financial years; and how much she plans to allocate to each project.

The Government has taken a number of decisions on tax to stabilise the public finances and support public services. Ending tax breaks for private schools will raise £1.8bn a year.

To raise school standards for every child, and break down the barriers to opportunity, the government will increase the core schools budget by £2.0bn in real terms over this Spending Review (2023-24 to 2028-29). This provides a £4.7bn cash increase per year by 2028-29 (compared to 2025-26), which ensures average real terms growth of 1.1% a year per pupil.