Half of academies fall short on funding

More than half of academies in England have lacked enough income to cover their annual expenditure, according to figures revealed by ministers.


An answer to a Parliamentary question shows that the proportion of academy trusts with an annual shortfall doubled in two years.


It comes amid growing warnings about school funding shortages.


But Schools Minister Nick Gibb told MPs on Tuesday that school funding had been protected and was at record levels.


The figures have been revealed in response to a question about academy expenditure from the Liberal Democrat peer Lord Storey.


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