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Headteachers fearing “bankruptcy” as spiralling costs outstrip school funding should use government cost-cutters or approach its funding agency or their local council for help, a senior official has said.

Graham Archer and Tom Goldman, from the Department for Education, this afternoon led a webinar – attended by 850 people – about the funding cycle and teacher pay.

The government has claimed a 4 per cent pay rise for teachers and leaders next year will be affordable from within existing school budgets thanks to a £2 billion uplift in funding pledged at the autumn statement.

But organisations representing school leaders and academy trusts have warned that the reality will be different for many institutions.

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