Funding pledge: We’re not out of the woods yet

Boris Johnson’s £14.5bn funding package offers no immediate relief and will still leave many schools facing financial challenges in the immediate years ahead. Pete Henshaw looks at the recent funding pledges

The school system in England “still has several years of managing the effects of funding cuts ahead” despite prime minister Boris Johnson’s announcement of a £14.5 billion investment between now and 2022/23.

An analysis of the government’s plans by the Education Policy Institute (EPI) finds that once inflation, high needs funding, and rising pupil numbers are taken into account, the investment amounts to a real-terms increase of £2.4 billion.

Education unions have welcomed the investment but say it is not enough to fully reverse eight years of austerity and the real-terms cuts to schools budgets since 2010.

The Institute of Fiscal Studies (IFS) disagrees, however, and says that the funding should be “near enough sufficient” to have reversed the cuts to school spending by 2023.

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