School Budgets: Impact of Inflation

Part of Education – in the House of Commons on 4th July 2022.

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Photo of Robin Walker Robin Walker The Parliamentary Under-Secretary of State for Scotland, Minister of State (Education)

The Department’s analysis of the cost increases that schools face is published annually in the school costs note, and it includes the impact of inflation. That was last published in March, and we will continue to publish it annually.

More broadly, it is important to recognise the additional money—the £4 billion that I have talked about numerous times—going in this year on the back of published figures that show that, at the end of the last academic year, 97% of academy trusts were in cumulative surplus or breaking even, and 92% of local authority maintained schools were in that situation. That was, in both cases, an improvement on the year before.