(7 years, 1 month ago)
Commons ChamberI think that the right hon. Lady will welcome a number of things in the statement. Indeed, she has just pointed out that we will introduce a 0.5% increase per pupil for those schools that are currently above the formula, as opposed to those that need to catch up through additional funding. The position taken by both her party and mine was that there would be no cash losers, and we are going beyond that today. In other words, her school will receive more than it would have done had her party won the election.
Clearly, more money going to the frontline of schools is a very good thing. Obviously, the devil will be in the detail of the funding formula, which I know well having spent many hours poring over it myself. I want to pick the Secretary of State up on two things. First, on the increase to the percentage allocated to pupil-led factors, she will be aware that many people were unhappy with the overall percentage allocated to basic per-pupil funding. Secondly, many schools in Leicestershire and elsewhere have been historically underfunded for many years, but the allocation of £4,800 per pupil is not the same as the £6,000 per pupil that schools in other parts of the country will get. I fully appreciate that the Secretary of State has to operate within the constraints of responsible public funding, but schools in Leicestershire really need that historical underfunding to be corrected at some point.
My right hon. Friend will no doubt welcome the fact that today’s announcement means that there will be an increase in funding through core pupil-led factors. I felt it was also right to protect the amount that was already going to children with additional needs, because we want them to catch up. On the overall amount, I assure my right hon. Friend that the formula takes into account the different cost bases in different parts of the country. Today’s announcement means not only that schools will get more funding, but that they will catch up faster because of the 3% increase for two years, which replaces the previous proposal of 3% and then 2.5%.