£1.3 billion needed to fill gap in school budget, EPI says
The Educational Policy Institute (EPI) claims that an additional £1.3 billion is needed to compensate for inflation pressures faced by schools.
The EPI also state that the extra funding would help protect the education budget by 2022.
Without the extra funds, the think-tank predicts that schools will face a real-terms per pupil reduction of three per cent by the end of the parliament.
The think-tank has also warned that if the extra funds are not allocated, the government could face another backlash from Tory MPs.
It comes as education secretary Justine Greening has reportedly demanded an extra £1.2 billion from Theresa May to protect school funding.
However, it is uncertain where the extra money would come from.
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