Government formula will cut budgets at 70% of capital’s schools already enduring funding freeze, London Councils says

More than 1,500 schools in London will move to larger class sizes and fewer teachers under the government’s proposed national funding formula, according to forecasts by boroughs in the capital that predict they will suffer cuts of £360m in the formula’s first year.

London Councils, a bipartisan group representing 32 local authorities and the City of London, says the formula proposed by the education secretary, Justine Greening, will cut budgets at 70% of London schools at a time when they are already enduring a funding freeze and increased costs for wages, pensions and inflation.

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