A survey of school leaders by the National Association of Head Teachers (NAHT) has revealed the stark financial pressures many schools are facing.
The survey, involving 1,069 school leaders, including around 200 secondary leaders, found that 45 per cent believe their school’s budget will be “untenable on current projections within two years”.
Seven per cent of those surveyed are already running a deficit, while 67 per cent said they would not be able to balance their books in four years’ time.
A majority warned that they were only making their budgets stretch by implementing “significant cuts”, while 76 per cent admitted they had already begun using their school’s reserves.
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