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Treasury takes back £384m earmarked for academy conversion plan
EB News: 27/01/2017 - 10:53
The Treasury has taken back £384m originally earmarked for schools in England. The money had been announced last year to fund a plan to require all schools to become academies.
The Department for Education has stated that when the compulsory academy plan was ditched after a rebellion by backbench Conservative MPs, the Treasury took back most of this extra funding.
The Department for Education said the return of funds was appropriate if a project did not go ahead.
According to the BBC, head teachers in West Sussex, who are campaigning against spending cuts, wrote last week to all their local MPs asking what had happened to the extra £500m for schools announced last year by the former Chancellor George Osborne.