Justine Greening has found the cash to soften her department’s new funding formula. After much to-ing and fro-ing between the Department of Education and the Treasury in recent weeks, Greening has announced a £1.3bn increase to school funding. Speaking in the Chamber, the Education Secretary said she had recognised public concern over levels of school funding during the general election.
This move will be welcomed by Tory backbenchers who feel education funding was a doorstep issue that allowed Labour to take votes from them. However, it’s notable that the austere Chancellor appears to have still won this tussle – the money will come from the existing education budget (with part coming from the free schools budget) rather than the Treasury’s mythical magic money tree.
‘The £1.3 billion additional investment in core schools funding which I am announcing today will be funded in full from efficiencies and savings I have identified from within my Department’s existing budget, rather than higher taxes or more debt.
Britain’s best politics newsletters
You get two free articles each week when you sign up to The Spectator’s emails.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in