Note: The figure for 2024–25 is a projected spending level based on spending plans announced in the 2021 Spending Review.
Source: Authors’ calculations using Department for Education annual report and accounts 2018–19 (https://www.gov.uk/government/publications/dfe-consolidated-annual-report-and-accounts-2018-to-2019), Education and Skills Funding Agency annual report and accounts 2021–22 (https://www.gov.uk/government/publications/education-and-skills-funding-agency-esfa-annual-report-and-accounts-2021-to-2022), 2019–20 (https://www.gov.uk/government/publications/education-and-skills-funding-agency-esfa-annual-report-and-accounts-2019-to-2020) and 2017–18 (https://www.gov.uk/government/publications/education-and-skills-funding-agency-annual-report-and-accounts-2017-to-2018), Skills Funding Agency annual reports and accounts 2010–11 to 2016–17 (https://www.gov.uk/government/collections/sfa-annual-reports-and-accounts) and Department for Innovation, Universities and Skills departmental report 2009 (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/238617/7596.pdf); Department for Education, ‘Adult education budget: S31 grant determination letters’ 2021 to 2022 (https://www.gov.uk/government/publications/adult-education-budget-devolved-grant-determination-letters-2021), 2020 to 2021 (https://www.gov.uk/government/publications/adult-education-budget-s31-grant-determination-letters-2020-to-2021), 2019 to 2020 (https://www.gov.uk/government/publications/adult-education-budget-s31-grant-determination-letters); HM Treasury GDP deflators, November 2022 (https://www.gov.uk/government/statistics/gdp-deflators-at-market-prices-and-money-gdp-november-2022-autumn-statement).
More from IFS
Understand this issue
Public investment: what you need to know
25 April 2024
The £600 billion problem awaiting the next government
25 April 2024
Sure Start achieved its aims, then we threw it away
15 April 2024
Policy analysis
Recent trends in and the outlook for health-related benefits
19 April 2024
4.2 million working-age people now claiming health-related benefits, could rise by 30% by the end of the decade
19 April 2024
The short- and medium-term impacts of Sure Start on educational outcomes
9 April 2024
Academic research
Willingness to pay for improved public education and public healthcare systems: the role of income mobility prospects
14 March 2024
Diversity and discrimination in the classroom
12 February 2024
Labour market inequality and the changing life cycle profile of male and female wages
15 April 2024