UK Schools Face Financial Strain as Costs Surge, IFS Reports

Independent economists highlight budget challenges, rising costs, and potential impacts on education quality.

School costs are projected to grow by 4% in 2024, outpacing the 1% inflation rate in the broader economy.
Increases in staff pay, food, and energy costs are major contributors to budget pressures.
Special educational needs funding has significantly increased, consuming a large portion of school budgets.
Teacher pay has declined in real terms since 2010, complicating recruitment and retention efforts.
Potential measures to address budget issues include school closures and staff reductions, despite falling pupil numbers.