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Education TodayLiving in a cash strapped
and change fatigued world….
Debbie Coslett&
Nigel Blackburn
B&C Consultancy Ltd
Aims of this session
• An understanding of the role of educational financial leaders in a time of increased accountability
• An appreciation of the necessity for political awareness and strategic planning for the next generation
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Thursday 7th May 2015…
True or false?
a) It’s Nigel’s birthday
b) Mortgage lending rate set to rise to 5%
c) Tesco’s will be bust
d) David Cameron’s lucky day?
You can’t divorce politics from education!
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Tory Party Manifesto: Education
• Protecting the schools budget • Raising standards and restoring discipline• Attracting the top graduates to teaching• Investing £18 billion in new schools• Reducing teachers’ workload• Fundamental British values
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Labour Party Manifesto: Education
• Childcare reform: childcare support at schools from 8am – 6pm
• A world-class teacher in every classroom; an education system that works for the forgotten 50%
• Partnership and collaboration – the roll out of the London Challenge scheme across the country
• Tackling poor results and raising standards in coastal towns, counties, and regional cities
• A vocational education system to rival Germany’s
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UKIP Party Manifesto: Education• A return to a more traditional primary education, with ‘the
three ‘R’s• Scrap sex and relationship education for children under the
age of 11• A grammar school in every town• Only ONE exam board for GCSE’s and ONE for A Levels
offering ONE course for the relevant subject• Introduction of an Apprenticeship Qualification Option to take
the place of 4 GCSE’s and be carried on to A-Level.• Reverse the trend to shut Special Schools• To prevent a repeat of operation Trojan Horse, ensure that an
OFSTED investigation would take place if 25% of parents and governors signed a petition expressing concern
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What does this mean from 2015 onwards?
Task 1
Your thoughts?
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Emerging big questions
• Education Education Education?• Education centre stage?• Fiscal decline – how much longer?• Where is the tipping point?• Intelligent accountability?
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Education Expenditure• UK education expenditure increased consistently from the late 1990s
to reach 5.6% in 2009-10 and 2010-11; the highest rates since the mid 1970s
• Substantial increases in education spending as a proportion of GDP occurred in the early 1990s and the decade from 1999-00
• Spending has increased in real terms in most years since 1979-80. The only periods where it fell for two or more consecutive years were in the mid-1980s, mid-1990s and early 2010s
• Education and training expenditure was 5.9% of GDP in 2009-10. Real terms cuts 2012-13 took it back to 5.2%
• The OECD ranked the UK 11th highest out of 29 states on total education expenditure as a percentage of GDP in 2011.
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UK Expenditure on Education & Training
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Budget cuts
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Lord Nash…the future
“Given the state of the public finances we have inherited, this government has done pretty well to
protect the schools budget, but I’m afraid that whichever party wins the next election there will be
further cuts in the public sector.”
“Education in schools has operated in a relatively benign financial climate for a long time. But a new generation of school leaders is going to have to emerge to cut their cloth to drive efficiencies…”
(October 2014)
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Task 2
What are the particular financial challenges for your school?
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One Local Authority’s Challenge
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Strategies for Survival
Task 3
• Do you know how much money you've got to save?
• When will you ‘hit the wall?’• What will you do then?
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Accountabilities(refer to handout)
• Academy v LA Maintained Schools– Who has the accountability?
• Personally• For the organisation
– What happens when things go wrong?– Do’s and don’ts
• LA financial scheme v Funding Agreements, Financial Handbook, Charity and Company Law
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