Enrollment of Hong Kong students in UK private schools has seen a significant five-year low, with a 17% decrease in total enrollment and a 26% drop in new admissions. This decline is attributed to the introduction of a 20% VAT on school fees by the UK last year. The decrease in Hong Kong students was more pronounced than the global average, with only Russia experiencing a larger percentage decline. AI
RANK_REASON Policy change (VAT on private schools) with significant economic and demographic impact. [lever_c_demoted from significant: ic=1 ai=0.0]
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