More money is going into our schools than ever before and school funding is at a record high. The core schools budget has increased to £42.4 billion this year and is set to rise to £43.5 billion in 2019-20. This follows the additional £1.3 billion of funding over and above what was promised in the last Spending Review. In fact, figures from the independent Institute for Fiscal Studies show that real terms per-pupil funding in 2020 will be more than 50 per cent higher than 2000. Recent figures from the OECD confirm that our schools get more government funding, per pupil, than schools in international counterparts such as Germany, France and Japan.
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