This is the second instalment of our live debate with an expert panel deciding whether the UK's private schools should continue to enjoy their tax advantages. The UK has an education system that perpetuates inequality. Seven per cent of its children go to private schools and yet these institutions receive around three times the funding per student as the average state school. Privately educated people then go on to dominate our elite institutions. They are seven times as likely to win a place at Oxford and Cambridge universities as their state-educated peers, and they make up 65 per cent of senior judges and 29 per cent of members of parliament. Who could possibly object to a tax that would benefit the majority of Britain’s schoolchildren?

Those who believe in aspiration, that’s who, argue the champions of private schools. People like Prime Minister Rishi Sunak’s parents, who, as he has explained, were not wealthy or privileged but who worked hard so that they could send their son to one of this country’s top independent schools. Removing the tax breaks on private schools would amount to class war and punish parents who are prepared to make sacrifices to give their children the best start in life. Because, let’s be honest, it won’t be the one per cent who will be affected by this change, but the children of the ‘squeezed middle’ and the less well off who rely on bursaries and scholarships to access private education – many of whom these schools may no longer be able to support under Labour’s proposals.

Should private schools continue to enjoy their tax advantages or not?

On stage to discuss it for this event was our panel; Fraser Nelson, Editor of The Spectator, Helen Pike, Master of Magdalen College School, Oxford, the journalist, broadcaster and Contributing Editor at Novara Media, Ash Sarkar, and Melissa Benn, writer and campaigner for a high-quality comprehensive school system.

The discussion is in two halves. If you’re an Intelligence Squared Member you can get the whole thing right now – no waiting around. Head to intelligencesquared.com/membership to find out more.

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