July 20, 2022
Budgets for British Schools To suffer: Liberal Democrats Say It So in an Analysis
A Although the government has announced a 1.9 per cent increase in funding for mainstream schools for the academic year after next, many have concerns over soaring inflation, which stood at 9 per cent in May. Adding to the concern is an analysis conducted by Liberal Democrats that found school budgets might face a £2.5bn “pay cut” over rocketing inflation.
The Liberal Democrats have looked to estimate how much money schools could miss out on based on the gap between funding and inflation. Recently, The Liberal Democrats have tried to make an educated guess as to how much money schools might lose due to the funding gap and inflation.
…the 2023–2024 settlement does not remotely take into account the huge inflationary pressures that schools and colleges are facing…
On Tuesday, the minister of education, Will Quince, released details of the funding plans for the 2023–2024 school year. In contrast to the £4 billion increase planned for the upcoming academic year, he stated that core funding, which includes money for both mainstream schools and other institutions, would increase by £1.5 billion this year.
The 2023–2024 settlement "does not remotely take into account the huge inflationary pressures" that schools and colleges are facing, according to Geoff Barton of the Association for School and College Leaders. He added: “It is increasingly inevitable that many will have to make further cutbacks to provision.”
The union boss said the government had “short-changed education for many years” which has left the sector in a “very difficult financial situation”.
Munira Wilson, the education spokesperson for the Lib Dems, commented on the matter and called it a "slap in the face" for schools. “As our teachers deal with sweltering classrooms and squeezed salaries, this Conservative government has handed mainstream schools real terms pay cut worth almost £2.5bn,” she added.
Posted in News and tagged News, British Schools, Liberal Democrats, School Budgets, Funding, Inflation
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