Spring Budget 2017 – Education Changes
As ever the budget can be viewed from both ends of the telescope. In education, the National Union of Teachers has accused the government of a complete dereliction of duty to children and young people. Philip Hammond on the other hand announced the following changes in his budget yesterday:
- An extra £360m for new schools
- £500m investment in “T-levels”
- Extension of free school transport
- £216m upgrade fund for existing schools
- £300m to support 1,000 new PhD places in STEM subjects
This means that education spending is currently at a record £40bn per annum.
It is clear that academies are feeling the financial pinch and when the rest of the sector moves from Local Education Authority to academy status, it is difficult to see how this will improve. Schools will have to make difficult decisions and one of the main ones will be how to act with a business head whilst maintaining a clear focus on supporting all those in education.
There will be an even greater need for business minded governors - to look at how to cut costs or even potentially generate revenue as well as to ensure that academies use their freedom to implement a curriculum that truly prepares the next generation for the world of work.
Date: 9th March, 2017
Articles from this Author
Some myths and some tips on keeping your tax affairs in good order - Tax on Cryptocurrency UK… twitter.com/i/web/status/9…
Tax & Trusts Senior - current vacancy. A new opportunity has arisen for a to support our busy Tax and Trusts Manage… twitter.com/i/web/status/9…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole