Schools face cuts of £3bn, says watchdog

State schools in England will have to find £3bn in savings by 2019-20, says the public spending watchdog.

 

Schools face 8% budget cuts and about 60% of secondary schools already have deficits, warns a funding analysis from the National Audit Office (NAO).

 

The Department for Education is about to launch a new funding formula, which will see 10,000 schools gaining money and similar numbers losing.

 

To ease the transition, those losing will have annual cuts limited to 1.5%.

 

Education Secretary Justine Greening will reveal later on Wednesday how the different funding rules will be applied - with suggestions that it could mean reduced budgets for schools in inner London.

 

It is likely to mean bigger budgets for areas which have been less well-funded - with areas such as Barnsley and Plymouth highlighted as currently getting less than Hackney or Coventry.

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