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

Integrated Front Door Social Worker

Cheshire East Council
£40,444 - £43,149 per annum
Be part of a service that makes a real difference to children and families at the earliest stage of support! Crewe, Cheshire
Recuriter: Cheshire East Council

SEND Caseworker

Cheshire East Council
£40,444 - £43,149 per annum
We’re on a meaningful journey in Children’s Social Care and we’d love for you to be part of it. Crewe, Cheshire
Recuriter: Cheshire East Council

Teacher

Durham County Council
£32,916 - £51,048 MPS1 - UPS3
WHAT IS INVOLVED?  The team at Aycliffe Secure Centre provide a caring, trauma informed and aspirational environment for young people aged between 10 Newton Aycliffe
Recuriter: Durham County Council

Portage Worker - SEND and Inclusion Senior Specialist

Durham County Council
Grade 8, £33,673 - £37,563 pro rata per annum
We are looking for a compassionate, skilled and enthusiastic SEND and Inclusion Senior Specialist Support Worker to join our highly regarded Portage T Spennymoor
Recuriter: Durham County Council

Social Work Consultant

Durham County Council
Grade 13 £48,738 - £53,051
Are you an experienced children and families social worker ready to progress your career and step into a management role?   Are you passionate about w Durham
Recuriter: Durham County Council
Linkedin Banner