Every school in England has today been told to prepare for a real terms funding cut – but the crisis doesn’t seem to have reached the chief executives of Tory academies.
An analysis by Schools Week also released today reveals that the bosses of five publicly-funded academy chains pocketed pay rises worth £90,000 last year.
Sir Dan Moynihan, chief executive of the Harris Federation, was already the top paid academy boss, but saw his pay balloon further from £395,000 in 2015 to £420,000 last year.
That means he now earns almost three times the £143,462 salary of Prime Minister Theresa May.
It’s also 47 times more than the measly £8,893 each state school was allocated for building maintenance in Philip Hammond’s budget last week.
By contrast, the Education Policy Institute has today warned the Government’s new school funding formula will mean:
There are unlikely to be any schools in England which will avoid a real terms cut in per pupil funding by 2019-20
Up to half of primary schools and around half of secondary schools will be faced with cuts in funding per pupil of between 6 and 11%
An average real terms loss of £74,000 per primary school and £291,000 per secondary school
They calculated that the loss equates to “the loss of almost two teachers across all primary schools and six teachers across all secondary schools.”
Even Tory MPs have beaten a path to the door of the Prime Minister to protest over the plan.
Geoffrey Clifton-Brown revealed earlier that he had led a delegation of nine Tory MPs to meet Theresa May this week and he warned their anger was “just the tip of the iceberg.”
Hinting at a major Tory rebellion over the issue, he told BBC Radio 4’s Today programme: “This wouldn’t go through in its present form.”
Scrapbook reckons the kids from Harris Federation could help the Treasury find some savings…