Around 5,000 headteachers from across the country are marching on Downing Street today to deliver a letter to the Chancellor calling for more funding for schools.
Cllr Peter John OBE, Deputy Chair of London Councils and Executive member with responsibility for schools, said:
“London’s schools are the best in the country and we are concerned that the lack of adequate investment to cover real terms costs could slow down their success. Getting education right is vital to the growth of our economy, which is why we are committed to working with government to ensure appropriate levels of investment in schools in London and across the country in order to continue to drive up standards.”
Notes to editors:
Central government has recently announced an extra £1.3 billion in 2018/19 and 2019/20 for school funding, but London’s schools will receive a lower proportion of the new money than any other region in the country.
67 per cent of schools in London will receive the minimum (0.5 per cent per pupil) funding increase in 2018/19, compared with 35 per cent of schools across the rest of England.
The National Audit Office has said that in 2018/19, schools will experience additional cost pressures of 1.6 per cent. Only 27 per cent of London schools will receive enough extra funding to deal with these cost pressures, leaving 73 per cent needing to make cuts to balance their books.
London Councils estimates that the cost of meeting budgetary pressures for every school by 2018/19 would be £406 million nationally, including £99 million in London.