News

Pay austerity anger as school reserves reach £4bn

A teaching union has voiced its frustration at on-going austerity over teachers’ pay at a time when schools are holding around £4 billion in their reserves.

The NASUWT says that thousands of teachers are being denied the pay awards and progression they are entitled to.

This is despite recent Department for Education figures showing total surplus balances of £2.4 billion in the academy sector and £1.56 billion in the maintained school sector.

In 2018/19, teachers were granted a minimum pay award of 3.5 per cent for the main pay range, two per cent for the upper pay range and 1.5 per cent for school leaders.

The DfE made £187 million of additional funding available through the Teachers’ Pay Grant for 2018/19, although it was pointed out at the time that this did not cover the full 2018/19 pay award.

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