Schools: Finance
(asked on 17th November 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to paragraph 2.41 of the Autumn Statement 2022, published on 17 November 2022, if he will publish the methodology by which the core schools budget in England will receive an additional £2.3 billion of funding in 2023-24 and in 2024-25 and how that equates with the figures for schools published in table 2.1, after an adjustment is made for the removal of compensation for employer costs of the Health and Social Care Levy.
Overall core schools funding will increase by £2.3 billion in both 2023-24 and 2024-25. After adjusting Spending Review 2021 budgets down to account for the removal of the compensation for employer costs of the Health and Social Care Levy, this brings the core schools budget to a total of £57.3bn in 2023-24 and £58.8 billion in 2024-25.
£bn | 2022-23 | 2023-24 | 2024-25 |
Spending Review 2021 Core Schools Budget | 53.8 | 55.3 | 56.8 |
Spending Review 2021 Budget With Health and Social Care Levy Funding Removed | 53.8 | 55.0 | 56.5 |
Additional Autumn Statement 2022 Funding | 0 | +2.3 | +2.3 |
Autumn Statement 2022 Core Schools Budget | 53.8 | 57.3 | 58.8 |