If you increase fees by above inflation percentages and borrow money (from your backers) at above base rate to purchase schools and invest in schools infrastructure then the winner is the PE house. However with procurement prices rising, inflation and borrowing rates increasing guess who loses. The schools. Add to this the focus on international students and international growth and you get all the marketing and infrastructure investment being diverted out of the schools in the UK. The impact then on schools is that you get too many international students which impacts on sports and social activities as international students tend to clique. Yet Ofstead gives these schools 5star every time because they are not looking at how badly run the organisation that runs them is. Chris Woodhead must be rolling in his grave.