After a decade of rapid growth in funding schools and universities, the UK is now facing the largest cut in education spending over any four-year period since at least the 1950s. Education spending is set to shrink in real terms over the Spending Review period, according to this report by the Institute of Fiscal Studies. The cuts will be deepest for capital spending and higher education, followed by 16-19 education and early years’ provision. Schools spending is relatively protected, and schools with the most deprived intakes are likely to see real-terms increases in funding. However, the majority of schools will see real-terms cuts.
Leadership Briefing 6.04(64)