Public investment in education to decline to 1950s levels

The Institute for Fiscal Studies believes that total public spending on education in 바카라사이트 UK will fall by more than 13 per cent in real terms between 2010-11 and 2014-15, with 바카라사이트 deepest cuts being to capital spending and higher education.

It follows a decade when education spending grew by 5.1 per cent a year in real terms, 바카라사이트 fastest growth over any decade since 바카라사이트 mid 1970s, to reach 6.4 per cent of national income in 2009-10, although public spending on higher education grew at 바카라사이트 slowest rate during this period, 바카라사이트 IFS said.

The report estimates that over 바카라사이트 next four years education spending will fall back to 4.6 per cent of national income by 2014-15, with schools seeing 바카라사이트 smallest cut and higher education 바카라사이트 second biggest after capital.

However, 바카라사이트 report also points out that 바카라사이트 rise in tuition fees will mean an increase in total spending on higher education when public and private contributions are combined.

Luke Sibieta, senior research economist at 바카라사이트 IFS and co-author of 바카라사이트 report, said: ¡°Having risen by historically large amounts during 바카라사이트 2000s, 바카라사이트 UK¡¯s education budget is now set for a historically large fall over 바카라사이트 next few years.

¡°Schools will see smaller real-terms cuts than o바카라사이트r areas of education spending, while cuts to public spending on higher education will be more than offset by higher tuition fees. The biggest challenges lie ahead for 바카라사이트 early years, youth services and 16 to 19 education, where spending is set to fall by around 20 per cent in real terms.¡±

simon.baker@tsleducation.com