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School spending per pupil in England protected to date; cuts of 7% or more possible in next parliament
| IFS Press Releases
Overall current or day-to-day school spending in England has been remarkably well protected under the coalition government. Over the next parliament, current spending on schools could be squeezed harder. Although the commitments made by the three main UK parties are subtly different, they could all imply real spending per pupil falling by 7% or more between 2014–15 and 2019–20. These are among the main findings of a new IFS Election Briefing Note on schools and education spending in England published today, funded by the Nuffield Foundation.
There’s more to higher education funding than the RAB charge
Higher education funding has been a hotly-debated topic in recent times, with the RAB charge – the government subsidy inherent in the student loan system – a prominent focus of these debates. On the back of new research published today, researchers at the Institute for Fiscal Studies argue that this focus comes at the expense of a wider discussion around how much the government should subsidise the higher education system as a whole, and how best to deliver this. The new report has re-examined the current funding system for undergraduate higher education, highlighting its uncertain public finance implications. It also provides new estimates of the financial consequences of a series of reforms to the system of undergraduate funding, which have been proposed by various interested parties, and offers a first look at the likely costs associated with several potential ways to implement the new postgraduate loan system, announced by the Chancellor in his final Autumn Statement of the parliament.
Today the Office for National Statistics and HM Treasury published Public Sector Finances January 2015. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first ten months of financial year 2014−15.