Education: Public Funding Debate

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Department: Department for Education

Education: Public Funding

Edward Leigh Excerpts
Tuesday 4th July 2017

(7 years, 3 months ago)

Commons Chamber
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Nick Gibb Portrait Nick Gibb
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I have already responded to that point. We have made a commitment that no school will lose funding as a consequence of moving to the national fair funding formula. We will respond in due course to the consultation, and then the hon. Lady will find the answers to all her questions. I would tell her, however, that today we have published key stage 2 results that show an eight percentage point increase, based on a new, more demanding curriculum that is on a par with the best curricula for primary schools in the world. I urge her to look at where the Scottish education system is compared with what is happening in England.

Edward Leigh Portrait Sir Edward Leigh (Gainsborough) (Con)
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The solution to this is fairer funding. Does my right hon. Friend agree that those who argue for greater funding must be honest about where it is coming from? Every five minutes that our proceedings continue, national debt, already at £1.7 trillion, increases by £400,000. People who argue for more funding are arguing for more debt being loaded on to children in our schools.

Nick Gibb Portrait Nick Gibb
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When we came to office in 2010, we inherited an annual budget deficit of £150 billion— we were spending £150 billion more in that year than we were receiving in income, and that £150 billion is equal to about 9.9% of the total income of the country. Due to the hard work of the Government and the people of this country, and the sacrifices people have made, we have reduced that deficit to about 2.5% of GDP—about £50 billion a year. Notwithstanding those efforts, we have managed to protect core school funding in real terms, and we are spending record amounts on schools—£41 billion this year.