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Theresa May and Philip Hammond close to agreeing £3bn schools funding boost

Discussion in 'Education news' started by Amy_Harkwright25, Jul 10, 2019.

  1. Amy_Harkwright25

    Amy_Harkwright25 New commenter

    ..... less than the £27bn that Theresa May originally wanted as part of her legacy spending deal.

    Damian Hinds, education secretary, is still hopeful that when the details of the final package are agreed he will be able to promise English schools — which have an annual budget of £43.5bn — a one-year settlement with increased spending of more than £3bn.

    Thoughts? Do we think it will happen?
  2. blazer

    blazer Star commenter

    Boris will cancel it to give his tax cut to the rich.
  3. moscowbore

    moscowbore Lead commenter

    What would be the point of putting more money into education? We are spending record amounts of money on education and we have more students attending good or outstanding schools than ever before.
  4. phlogiston

    phlogiston Star commenter

    About 7%. A bit better than what we might hope from inflation linking.
    They'll balance the books with a lower than inflation funding boost the year after.
    Amy_Harkwright25 likes this.
  5. ridleyrumpus

    ridleyrumpus Lead commenter

    Don't worry its a ploy to say "look we are spending more on education than ever before" whilst simultaneously increasing the employers pension contribution from 16.5% to 24.7% thus taking that money back.

    Let's not forget that the TPS is not funded, ie there is no pot which holds all our and our employers contributions to our pensions. So increasing the employer contribution just in effect means less money paid to the school. Give it with one hand, get it back and spend it on something else.

    Let's not worry what happens when all those pensions are do to be paid, that is a problem for another government at a different time.

    (Unfunded pension schemes would be illegal in non government run schemes.)
    JohnJCazorla and -Maximilian- like this.

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