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Annual school funding cut by £1.7bn since 2015

School budgets have been cut by £1.7 billion in real terms since 2015, Labour analysis of IFS data shows.

Party releases new figures showing the scale of school funding cuts as Shadow Education Secretary Angela Rayner visits a school in Yorkshire and criticises Chancellor’s ‘little extras’ comment as “downright insulting”

Annual school budgets have been cut by £1.7 billion in real terms since 2015, a Labour analysis of IFS figures reveals.

The analysis shows that annual spending on schools would be £1.7bn higher in 2019-20 than the amount allocated by government if funding per pupil had been maintained in real terms since the Tories won a majority in 2015.

Angela Rayner responds to the Education Committee’s report

Angela Rayner MP, Labour’s Shadow Secretary of State for Education, responding to the House of Commons Education Committee’s report arguing that universities must focus on value for money and supporting disadvantaged students, said “The Tories trebled tuition fees and scrapped maintenance grants, leaving the most disadvantaged students with over £57,000 worth of debt when they graduate. It is no wonder there are concerns that students do not get value for money.
“The number of part time and mature students plummeted after the Tories trebled fees, yet they are doing nothing to support the many learners who have been shut out by the current system.
“They should start by matching Labour’s commitment to bring back maintenance grants, to ensure that everyone, whatever their background, can succeed at university.”

The new analysis of cuts to annual funding for schools comes after the Chancellor’s controversial announcement of a one-off fund for schools to spend on so-called “little extras” in this week’s Budget speech. The funding was for capital funding only, and worth just over a tenth of the amount already cut from capital funding overall. Schools will not be able to spend it on running costs like staff pay, and the Chancellor suggested that the average school could use it for items like a “couple of whiteboards”.

Commenting, Angela Rayner MP, Labour’s Shadow Secretary of State for Education, said “The Tories have slashed billions from schools and now the Chancellor thinks they should be grateful he’s offered them a whiteboard. His suggestion that schools just need ‘little extras’ is downright insulting.

“Instead of offering a sticking plaster to schools this government should be genuinely investing in them, reversing their unjustifiable cuts.

“The next Labour government will reverse these cuts, giving our schools the resources they need and increasing per pupil funding to a record high.”