Parents are borrowing more for independent school fees as they look to spread the cost, new data from School Fee Plan, a leading provider of finance for school fees, shows.

New research from the UK’s leading insurance premium finance company, Premium Credit, shows SMEs are planning to boost insurance cover in the year ahead but underinsurance remains an issue.

Nearly half (44%) of independent school parents expect paying fees will become tougher in the year ahead as VAT and the ongoing cost of living pressures hit home, new research from School Fee Plan, a leading provider of finance for school fees, shows.

Consumers are increasingly using credit to pay for insurance cover and switching to monthly payments for car and home insurance to manage their bills, new research1 from the UK’s leading premium finance company, Premium Credit, shows.

New research from the UK’s leading insurance premium finance company, Premium Credit, shows SMEs are planning pay and recruitment freezes in response to government tax rises including higher employer National Insurance contributions.

Speaking at the end of the Scottish Council of Independent Schools (SCIS) annual conference held at the Scottish Gas Murrayfield Stadium, Stewart Ward, UK Director – Education, Specialist Finance & Head of School Fee Plan said: