The Government's controversial decision to introduce VAT on private schools will introduce a price hike in excess of £75,000 for families, according to new analysis by wealth manager, Rathbones. According to the recently-released data, the average cost of sending a child to an independent day school for the duration of their time at school could soar to £461,431 – up from £384,526 – following Labour's removal of this tax exemption.