Conservatives to cut school funding by 10% if they win general election

English schools face a budget cut of an estimated 10% in real terms during the next parliament if the Conservatives win the election after David Cameron conceded that his party could not promise to inflation-proof education funding.

Schools would have to pay 5% more to fund rising teachers’ pension and national insurance contributions, while economists said the prime minister’s admission would mean a further cut in real terms

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