Leadership

2018 Annual Report on Education Spending in England

This annual report by the Institute for Fiscal Studies on education spending in England provides measures of spending per student in the early years, schools, further education and higher education back to the early 1990s. Among the findings this year, the report shows that funding for 16- to 18-year-olds and for general further education has been cut much more sharply than funding for schools, pre-school or higher education.

Education spending is the second-largest element of public service spending in the UK behind health, representing about £90billion in 2017–18 in today’s prices or about 4.3% of national income. The level of UK education spending has risen significantly in real terms over time, growing particularly fast from the late 1990s through to the late 2000s, before falling in real terms from 2010 onwards. Whilst important, such overall trends in total education spending tell us little about what has happened to the different areas of education spending. 

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