CREDIT: This story was first seen in ITV News
The government says no school will lose cash under a new funding formula. That’s despite headteachers marching on Downing Street calling on politicians to reverse what they say is a £1.7 billion real terms cut over five years, ITV News reports.
Minister for School Standards Nick Gibb said:
“The introduction of the National Funding Formula from 2018-19, backed by £1.3bn of additional investment, has been widely welcomed and will put an end to historic disparities in the system.
“There are no cuts in funding – every school will see an increase in funding through the formula from 2018, with secondary schools set to receive at least £4,800 per pupil by 2019-20. As the independent Institute for Fiscal Studies has confirmed, overall schools funding is being protected at a national level in real terms per pupil over the next two years.
“Our formula will provide significant gains for under-funded schools of up to three per cent per pupil in 2018-19 and a further three per cent in 2019-20.”
Headteachers dispute this saying schools face huge rising costs and have to teach more and more children. They say the additional £1.3bn the government announced in the summer is just a reduction of the cuts they planned to make.