Mike Amesbury
Main Page: Mike Amesbury (Labour - Weaver Vale)Department Debates - View all Mike Amesbury's debates with the Department for Education
Education: Public Funding
Mike Amesbury Excerpts(6 years, 10 months ago)
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Mike Amesbury (Weaver Vale) (Lab)
Will the Minister protect the budgets of schools such as Helsby High, in my constituency, in real terms? Helsby High faces a £700,000 shortfall because of his so-called fair funding formula. It is not fair, and we need increases in real terms.
Nick Gibb
The new national funding formula comes in in 2018-19. As I said in my opening comments, no school will see a cut in funding as a consequence of moving to the national funding formula. What the hon. Gentleman is alluding to is the cost pressures on schools that occurred between 2016 and 2017 and that will occur over the next four years. We have already incurred about 3% of those cost pressures, and we will incur between 1.5% and 1.6% of them over the next three years—those are figures from Institute for Fiscal Studies. We are helping schools to tackle those cost pressures, but there would not be those pressures if we did not have to deal with the historic budget deficit we inherited in 2010. Those cost pressures are being borne right across the public sector, but because we are prudent with our public finances, we have record employment numbers and record opportunities for young people when they leave our school system.