The hike in the pensions contributions that schools have to make will wipe out any benefit brought by the £350 million increase to the education budget, it was claimed this week.
Schools minister David Laws unveiled plans on Thursday (March 13) to give the £350 million to schools in the lowest funded local authorities across England. He claimed that four in 10 areas will gain.
However, school leaders disagreed, arguing that the extra cash will be eaten up by a 2.3 per cent increase in pension contributions, unveiled by the Treasury last week.
The Association of School and College Leaders (ASCL) said that when combined with a likely one per cent increase in teachers’ salaries this would cost schools about £340 million.
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