School funding

I am proud that we are delivering on the manifesto commitment to end the historic postcode lottery that created huge differences in funding between similar schools in different parts of the country.

There is a £1.3 billion boost for core school funding, meaning school funding will rise from almost £41 billion this year to £42.4 billion in 2018/19 and £43.5 billion by 2019/20. This comes as we transition to a national funding formula, and I welcome the fact that the new formula will maintain overall per pupil funding in real terms for the next two years.

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