Our fees rose 8% this year, if they were to rise 28% next year we would definitely move house, invest in property and return to PS at common entrance/secondary, outside of London where it’s cheaper. I think pre prep and prep schools will suffer most, as parents will try and game the system to get best value for money. Many state school parents we know were planning to go PS for secondary, but are unwilling to pay a 28% uplift in fees, so that would likely mean more state school places would be needed and fewer willing to self fund - which was always going to be an own goal.