Economics class

Issue section: 

One of the other questions on certain people's lips is, "Where should I put my children?"

The fallen Masters of the Universe are facing a grilling on a scale to which they are unaccustomed if they go top hat in hand to the public school head teacher's office.

As Westminster School bursar Christopher Silcock advises, private education involves "sacrifice"; a privilege only for a certain class of people. Structural adjustment programmes are increasingly common, following an interrogation over "house values, Isas, investments and how many jewels they have got", said Silcock. Tough advice from the bursar includes thinking about downsizing your house.

But these lifelines won't last forever, and only generally apply if the student is in the midst of exams. Don't forget about the local comprehensive school.