In May 2020 the Times Educational Supplement forecast that as many as 30 per cent of the UK’s private schools could face insolvency soon. The grand piles that once taught Princess Diana and Boris Johnson are closing down due to financial difficulties.

Sophie Oakes, Senior Consultant at Carfax Education, is quoted in the article expressing concern about the financial stability of many preparatory schools, and how many are facing economic constraints.

“While the most prestigious ones are fine, some of the small, sometimes family-run prep schools are financially on the edge."

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