William Eichler 18 March 2016

£560m ‘black hole’ in chancellor’s school plans

The chancellor’s plan to transform every school into an academy faces a £560m funding shortage, according to a new analysis.

In his Budget speech on Wednesday, George Osborne declared his intention to convert every primary and secondary school in the country into an academy by 2020.

‘We are going to complete the task,’ he said, ‘of setting schools free from local education bureaucracy, and we’re going to do it in this Parliament.’

An analysis of his plan by Labour shows, however, the schools system is facing a black hole of £560m.

There are 15,632 schools in England that are not yet academies, and the costs for conversion to academy status is £44,837.

There is, however, only £140m allocated to academisation, which leaves a shortfall of £560m.

‘The chancellor’s plans for education are unravelling,’ Lucy Powell MP, Labour’s shadow secretary of state for education, said.

‘Schools are already facing an 8% cut to their budgets, the first time education spending has fallen since the mid-1990s.

‘This half a billion pound black hole in the education budget means that schools will be further out of pocket as a result.’

‘The chancellor needs to come clean about where this money is going to come from,’ she added.

Council leaders have also issued warnings about the plans, saying the move 'defied reason'.

SIGN UP
For your free daily news bulletin
Highways jobs

Senior/Principal Regeneration Officer

Fareham Borough Council
£45,465 - £55,379
Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire
Recuriter: Fareham Borough Council

Policy and Reporting Officer (Grade H)

Nottingham City Council
£40,777 – £44,075
You will help ensure staff have access to clear and effective guidance that supports consistent and high-quality practice. Nottingham, Nottinghamshire
Recuriter: Nottingham City Council

Practice Lead (Grade I)

Nottingham City Council
£46,142 - £49,282
This is an exciting opportunity for an experienced social worker Nottingham, Nottinghamshire
Recuriter: Nottingham City Council

Lead Child Protection Practitioner (LCPP) (Grade J)

Nottingham City Council
£51,356 – £54,495
You will promote best practice, support continuous improvement and help drive positive outcomes for children and young people. Nottingham, Nottinghamshire
Recuriter: Nottingham City Council

Strategic Director of Corporate and Governance Services

Isle of Wight Council
Grade 19, from £115,794 to £124,441 per annum
This pivotal leadership role sits at the heart of our council and will give you an opportunity to truly influence organisational success Isle of Wight
Recuriter: Isle of Wight Council
Linkedin Banner