Nine out of 10 schools in England will have run out of money by the next school year as the enormous burden of increased energy and salary bills takes its toll, the Observer can reveal.
Early data from the National Association of Head Teachers – results of a survey of its members are due later this month – shows that 50% of heads say their school will be in deficit this year, with almost all expecting to be in the red by next September ,when their reserve run out. This comes as Jeremy Hunt has made clear that all departments, including education, will be expected to make cuts as part of the government’s debt reduction plan, to be announced on 31 October.
Headteachers and academy leaders are warning that further spending cuts will push many schools and academy trusts over the cliff, and result in most schools having to lose essential teaching and support staff. “There are no easy fixes left,” said Paul Whiteman, general secretary of the NAHT. “Schools are cut to the bone. This will mean cutting teaching hours, teaching assistants and teachers.
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