School budgets are feeling the strain today because of a perfect storm of financial pressures.
National Insurance and pension increases are among the factors to blame, in combination with funding that isn’t increasing in line with these cost pressures and inflation in general.
There’s also the new proposed National Funding Formula which will see some schools lose out and others gain – but potentially not gain enough to cover their increasing costs.
Rising pupil numbers might eventually balance the books for most schools but to steer the ship through these choppy seas, school leaders need to take a much more strategic, longer term view of their finances.
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