Three people are dead following a school shooting in the Philippines, reportedly motivated by a long-standing bullying grudge. The incident occurred at a secondary school in Manila, where a lone gunman opened fire before turning the weapon on himself. While the tragedy is geographically distant, British education authorities are conducting a threat assessment.
The question is not if yields will spike, but by how much when panic hits. The grim reality is that capital flight from volatile sectors will accelerate, and the market will price in the risk premium of educational institutions worldwide. Fiscal responsibility demands we ask: what is the cost of security, and can our schools afford the premium?
