The Bottom Line

The business of private schools

Private schools in the UK are mostly registered as charities – but they are also businesses – businesses in the sense that they sell a service to paying customers. They’ve recently been in the news because the new government has said it will remove their exemption from VAT. In this episode we take a look at the business of private education: how it works, how much money is made and what will happen when exemption from VAT is removed from school fees.Evan Davis is joined by:
Geoffrey Stanford, Head of Royal Grammar School Newcastle 
Jesse Elzinga Head of Sevenoaks School
Cheryl Giovannoni, CEO, Girls' Day School Trust (GDST) 
Duncan Murphy, Director of Education, MTM ConsultingPRODUCTION TEAM:
Producers: Drew Hyndman and Alex Lewis
Editor: Matt Willis
Sound: Rod Farquhar
Production co-ordinator: Rosie Strawbridge and Janet Staples

The definitive business podcast from the BBC. Each week, the BBC's Evan Davis is joined by bosses, entrepreneurs and industry experts, to lift the lid on how their businesses work, and what it’s like to be in charge. They discuss a big issue, a big challenge, or a big question facing their industry. From managing AI to managing millennials, from supermarkets to supercharging a new product.And our guests will share their stories of success and failure along the way.  Podcasts are published every Thursday. And as well as being a podcast, we are also available every Thursday afternoon and Tuesday evening on BBC Radio 4. You can now also listen to The Bottom Line on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play The Bottom Line”. It works on most smart speakers.The Bottom Line has published a spin off series - Decisions That Made Me - where Evan asks entrepreneurs and business leaders about the most crucial moments in their lives and careers. You can watch these episodes here: https://t.ly/oJ8lW. Got a question or a comment? Get in touch with Evan and the team on email at bottomline@bbc.co.uk.