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 Engineer / Transport Planner

Salford City Council
£47,181 – £50,269
This role is a chance to build on the experience you have in Transport Planning or Civil Engineering Salford, Greater Manchester
Recuriter: Salford City Council

Service Director – Property and Business Support Services

South Gloucestershire Council
£86,955 – £94,552 per annum
You’ll have a rare opportunity to influence how an entire council uses its assets Gloucestershire
Recuriter: South Gloucestershire Council

Commercial Project Manager

Salford City Council
£54,495 - £56,288
The scale of growth and regeneration across the city means you’ll work on a diverse portfolio of infrastructure projects Salford, Greater Manchester
Recuriter: Salford City Council

Group Leader Building Control

Salford City Council
£59,255 – £61,343
This role is an ideal opportunity to step up into Building Control management and start realising your leadership potential. Salford, Greater Manchester
Recuriter: Salford City Council

Senior Social Worker - Older Adult Mental Health

Essex County Council
£48205 - £57988 per annum + Flexible Working, Hybrid Working
About the TeamWe're an adult social care team that wants to see citizens of Essex have as much choice and control over the way they live their lives England, Essex, Chelmsford
Recuriter: Essex County Council
Linkedin Banner