Growth

[Borin' Baggie]

It's exactly what it means for the parents of 13,000 kids BB. 

Not if they know how maths works

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That's not what demand elasticity means.

Plenty of parents have been priced out of private school fees over the last 40 years, demand hasn't dropped. Demand not being affected by price changes make it demand inelastic.

It would be interesting to know where private schools get their students from. I think you will find over the last 40
years most have increased the number of overseas students they get and these account for a significant percentage 
(well over 10%) of their intake. Having worked in the past on the education recruitment fairs circuit, you saw some interesting schools there. I do not think you can relate this to elasticity of demand as you are looking at different markets
and not "comparing like with like"

If you care to read comment 52 I already talked about international demand.

And it's the same market, the demand shifts don't magically mean that the British private school market isn't the British private school market anymore.

[Gzbaggy]

I tend to look at this from a marketing perspective and would argue that China, Nigeria, Russia and South Korea
are different markets

[Borin' Baggie]

The customers are different, the product is the same and the demand for that product is inelastic.

[Protheroe]

But not among British voting and taxpaying parents, clearly.

[Gzbaggy]

The customers are different, the product is the same and the demand for that product is inelastic.

Would agree on 1and 3, not sure about two e.g. Millfield and Eton

[Borin' Baggie]

But not among British voting and taxpaying parents, clearly.

This has been a long-term transitional trend going back decades, the same professional sorts that used to be able to send their kids to private schools haven't been able to without scholarships and bursaries for a long time. Demand for those places in private schools has held up over that time.

This problem didn't magically manifest itself when Labour won in July.

[Protheroe]

But not among British voting and taxpaying parents, clearly.

This has been a long-term transitional trend going back decades, the same professional sorts that used to be able to send their kids to private schools haven't been able to without scholarships and bursaries for a long time. Demand for those places in private schools has held up over that time.

This problem didn't magically manifest itself when Labour won in July.

Quite. But there is absolutely no denying they've made the situation worse, you know like the increasing of employers' NI and expecting growth or increasing Business Rates etc ad infinitum

[Borin' Baggie]

Or scrapping the Garden Cities programme, stalling the new nuclear programme, freezing university funding in nominal terms or leaving the European Union. All making problems worse, all obvious in their effect on growth.

Personally, I find the focus on this while there's been silence over massive fee rises over the last 45 years that has pushed out more middle class families from being able to afford school fees quite boring if I'm honest. I don't support levying VAT and removing charitable status carte blanche but that's obviously not the root cause of the issue.

[baggy1]

The drop in pupil numbers is 2.4% in the schools that have responded and were in both years figures, and it only includes just over half of the private schools in the UK so I wouldn't be making definitive statements from it but it is indicative. International student numbers are down about 1k of the figures (probably a lot down to the family visa changes).

[Protheroe]

Maybe you can address the point about above inflationary wage rises now, and how on Earth they will be funded when the government hasn't budgeted for them?