Labour has relied on a report from the think tank to justify its flagship tax policy 28 November 2024 Daily Telegraph Labour’s private school tax raid will not make “any real difference to the amount of money available” for state schools, the head of the Institute for Fiscal Studies (IFS) has admitted. Paul Johnson, director of the think tank, added that the 20pc levy on school fees would raise “tiny, tiny amounts of money” in an unearthed video published in November 2023. Labour has heavily relied on the work of the IFS to justify its private school tax raid after it published a report in July 2023 which claimed it would raise up to £1.5bn each year. Sir Keir Starmer and other ministers repeatedly cited the report when defending their plan to charge VAT on private school fees, which is due to come into effect from January 1, and said this money would be used to fund 6,500 new teachers in state schools. However, in a 90-second video in which Mr Johnson “lays out the facts”, ...