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<p>The Association of School and College Leader’s survey findings were published in
October 2022. In November, the 2022 Autumn Statement announced additional investment
in schools. As a result, the core schools budget will increase by £2 billion in both
2023/24 and 2024/25, over and above totals announced in the 2021 Autumn Budget and
Spending Review. This year, schools' funding is already £4 billion higher than last
year. The Autumn Statement means it will rise by another £3.5 billion, on top of that,
next year. Taken together, that means a 15% increase in funding in two years.</p><p>The
Institute for Fiscal Studies have noted this additional funding will fully cover expected
increases in school costs up to 2024 and will take spending per pupil back to at least
2010 levels in real terms. This means 2024/25 will be the highest ever level of spending
on schools in real terms per pupil. It will enable head teachers to continue to concentrate
funding in the areas that positively impact educational attainment. This includes
high quality teaching and targeted support to the children who need it most.</p><p>The
Department recognises that every school’s circumstances are different. Where schools
are in financial difficulty, they should contact their Local Authority or the Education
and Skills Funding Agency.</p>
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