Source: Adam Smith Institute
by Madsen Pirie
“The pub has been dying for a generation, but the pace has quickened sharply. The British Beer and Pub Association recorded 161 closures in the first quarter of 2026 alone, up 26 per cent on the same period the year before. That is two pubs shutting every day. … The prep school has followed a similar arc, on a shorter timetable. Twenty per cent VAT landed on school fees in January 2025. Most schools also lost the charitable rates relief that had cut their bills by up to 80 per cent. By January 2026, 105 independent schools had closed or been folded into mergers, more than 25,000 pupils displaced. … The pattern in both cases is the same. Government does not set out to destroy an institution. It raises the cost of employing people, taxes an activity that used to be exempt, and withdraws a relief that had cushioned the blow.” (08/17/26)
https://www.adamsmith.org/blog/the-pub-and-the-prep-school-two-deaths-one-cause