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Ministers must “honour the commitments” they made on school funding in July and restore the £370 million stripped from indicative budgets after a calculations gaffe, unions have said.

School leaders’ unions ASCL and the NAHT, along with teaching union NASUWT and the National Education Union, have written to education secretary Gillian Keegan about last week’s announcement that funding rates had been incorrectly inflated.

In a 5pm announcement just before the weekend, the Department for Education admitted a mistake that would have increased the overall schools budget for 2024-25 by 0.62 per cent, or £370 million.

It means a typical secondary school will be £58,000 worse-off that year than they expected to be based on indicative funding rates published in July, and an average primary would be £12,000 worse-off.

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