BBC News: Schools face cuts of £3bn, says watchdog

State schools in England will have to find £3bn in savings by 2019-20, says the public spending watchdog.

Schools face 8% budget cuts and about 60% of secondary schools already have deficits, warns a funding analysis from the National Audit Office (NAO).

The Department for Education is about to launch a new funding formula, which will see 10,000 schools gaining money and similar numbers losing.

To ease the transition, those losing will have annual cuts limited to 1.5%.

Education Secretary Justine Greening will reveal later on Wednesday how the different funding rules will be applied – with suggestions that it could mean reduced budgets for schools in inner London.

Schools face cuts of £3bn, says watchdog – http://www.bbc.co.uk/news/education-38301843

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s