The cost of chief executive remuneration in the 20 largest academy trusts stands at £4.72m – or an average of £236,000 per chief executive, according to a report into education funding. On top of this, unspent school reserves, redundancy and other costs mean that a significant proportion of education funding is not reaching the front-line.
Published by the NASUWT, the report summarises the long-standing problems of the eight per cent real-terms cuts to school funding since 2010. While unions continue to argue the case for increased school funding from Westminster, the NASUWT report – entitled Where has all the money gone? (2021) – says we should also be making better use of the money we do have.
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