10 Updates
Private Schools Have Public Benefit, Says Study
Photo Credit: Forbes Business

Private Schools Have Public Benefit, Says Study

Apr 2 2014, 2:33am CDT | by

In what counts as a good news day for the fee-paying education sector, a study published today claims to put a value on the public benefit of private schools. Research conducted by the consultancy...

Filed under: news

 
 
 

16 weeks ago

Private Schools Have Public Benefit, Says Study

Apr 2 2014, 2:33am CDT | by

In what counts as a good news day for the fee-paying education sector, a study published today claims to put a value on the public benefit of private schools.

Research conducted by the consultancy Oxford Economics found that Britain’s private schools contribute a gross £11.7 billion ($19.5 billion) to annual GDP, support 275,000 jobs and generate £4.7 billion ($7.8 billion) in tax revenue, £173 for every household in Britain.

This puts private education on a par with the city of Liverpool in terms of its contribution to the U.K. economy.

The report is well-timed. Despite pupil numbers bouncing back after the dip caused by the economic slump, the private, or independent, school sector in the U.K. has found itself on the defensive in recent months.

Last year, Sir Michael Wilshaw, the chief inspector of schools, accused the independent sector of refusing to commit to partnerships with publicly-funded, or state, schools, instead offering them only “crumbs off your table.”

Earlier this week, I reported on a study showing state pupils outperform those from private school at university. On top of this, above inflation increases in fees have led to fears that private education is rapidly getting out of reach for many.

The proliferation of privately-educated pupils in public life has also been seen as both a symptom and a cause of social divisions in Britain. Even Education Secretary Michael Gove, a close ally of Prime Minister David Cameron , weighed in last month, describing the number of former Eton pupils in Cameron’s inner circle as “ridiculous.” The prime minister is an Old Etonian himself.

Today’s study, commissioned by the Independent Schools Council (ISC) which represents most fee-paying schools in the U.K., should also be set against the background of pressure from the Charity Commission for private schools to justify their charitable status.

So the findings provide reassurance that private schools have public benefit, at the same time as setting out the scale of their economic importance.

According to Matthew Burgess, general secretary of the ISC: “While our schools have been long recognised for their educational excellence, we can now see how important our schools are in stimulating growth and employment, in contributing our fair share of tax and supporting local economies and communities across the country.”

As well as analysing the contribution of the independent school sector to the economy, the researchers also estimated that the U.K.’s 2,600 private schools represent an annual saving of £3.9 billion ($6.5 billion) to the taxpayer, who would otherwise have to pay to educate those students in state schools.

There is no doubt that the U.K.’s private schools are also an international asset. The ISC’s latest census shows that one in 20 of all pupils at a UK independent school are non-British, with a big increase in recent years in the number of students from Mainland China.

It is also a brand that travels. In 2013 ISC schools taught almost 19,000 students in 29 campuses overseas, an increase of almost 50% on the year before. As education becomes an increasingly international commodity, the appeal of a British private school education could become more and more valuable.

The balance sheet is not entirely one-sided. The government estimates that charitable status is worth around £100 million a year to private schools. On top of this, the majority of teachers in private schools are trained at the taxpayer’s expense.

A study by academics at the Centre for the Economics of Education at the London School of Economics found that in 2006 private schools hired 3,300 teachers either straight from university or from state schools. Given that evidence to the House of Commons suggests it costs at least £16,000 to train a teacher, this suggests private schools are the beneficiaries of £54 million of public investment.

Even with these subtractions, the financial benefit is clear. But opposition to fee-paying schools is rarely based on their being a drain on the economy. Rather it is on the perceived unfair advantage conferred by a private education and the barriers to social mobility that independent schools are seen to represent./>/>

Many private schools have taken these concerns on board and are working with state schools in both partnership and sponsorship arrangements. But this needs to become both the norm and more widely-known if they are to have an impact in the public consciousness.

Demonstrating the economic contribution it makes will buy the private education sector some breathing space, but it will take more than hard currency to show it is a positive force in society.

*At the time of writing, the report had not been made available online. When it is, I will post a link in the comments section of this article.

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Ra ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robb ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat today. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Ministe ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk S ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an all ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Bangladeshi plane catches fire at Nepal airport, passengers safe
Kathmandu, July 28 (IANS) A Bangladeshi aircraft caught fire while landing at Kathmandu's Tribhuvan International Airport (TIA) Monday afternoon, officials said.
 
 
Shift work can worsen asthma, pneumonia
London, July 28 (IANS) A research has found that drugs widely used to treat lung diseases like asthma or pneumonia work better with the body clock.
 
 
Decoded: What triggers sexual arousal in you
New York, July 28 (IANS) Know why just looking at an attractive face stimulates sexual arousal? Well, it takes two to tango!
 
 
Turn your selfie into emoji with this app
New York, July 28 (IANS) Tired of seeing the same yellow-faced smileys? In an age of selfies, how can emojis be far behind?
 
 
 

Latest from the Network

31 killed in Iraq violence
Baghdad, July 28 (IANS) At least 31 people were killed and 20 others wounded in the latest violent attacks and conflicts in Iraq, police source said Monday. Police patrols Monday found 14 unidentified bodies - 11 men...
Read more on Politics Balla
 
Narang clinches men's 50m rifle prone silver
Glasgow, July 28 (IANS) Indian shooters continued to bring home more medals as Gagan Narang won the country's third medal Monday clinching the men's 50-metre rifle prone silver in the finals at the Commonwealth Games...
Read more on Sport Balla
 
Renew humanitarian truce in Gaza: UN chief
United Nations, July 28 (IANS) UN Secretary General Ban Ki-moon Monday urged Israel and te Islamist Hamas movement to renew a humanitarian ceasefire in Gaza and called on those responsible to "step back from provoking...
Read more on Politics Balla
 
Indian paddlers lose men's team bronze playoff
Glasgow, July 28 (IANS) India's men paddlers suffered a disappointing finish in the team bronze medal playoff, losing to Nigeria 1-3 at the Commonwealth Games here Monday. India, who had won the bronze in the same...
Read more on Sport Balla
 
Ousted Thai PM faces power-abuse allegation
Bangkok, July 28 (IANS) Thailand's Election Commission (EC) is accusing former prime minister Yingluck Shinawatra of abusing power by using public funds to campaign for elections, local media reported Monday. EC...
Read more on Politics Balla
 
CWG: Ghosal, Anaka lose in squash
Glasgow, July 28 (IANS) Indian squash players Saurav Ghosal and Anaka Alankamony bit the dust Monday bringing to an end their individual campaigns in squash singles at the Commonwealth Games here. While Ghosal lost...
Read more on Sport Balla
 
England 452/5 at tea
Southampton, July 28 (IANS) England were batting at 452/5 at tea on Day 2 of the third cricket Test against India at the Rose Bowl here Monday. Ian Bell and wicketkeeper-batsman Jos Buttler were batting on 133 and 13...
Read more on Sport Balla
 
Hockey: India out to prove a point against Australia
Glasgow, July 28 (IANS) Having registered consecutive victories against Wales and Scotland, India will be hoping to continue their winning spree when they face defending champions Australia in their next group game of...
Read more on Sport Balla
 
England declare first innings at 569/7
Southampton, July 28 (IANS) England declared their first innings at 569 for seven on the second day of the third cricket Test against India at The Rose Bowl here Monday. Ian Bell was the top scorer with 167 while Gary...
Read more on Sport Balla
 
Hosts Scotland record best CWG gold haul
Glasgow, July 28 (IANS) Hosts Scotland recorded their highest Commonwealth Games gold haul here by picking up their 12th yellow metal Monday. Alex Marshall and Paul Foster won Scotland's historic 12th gold medal in...
Read more on Sport Balla