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Schools face having to submit their three-year budget forecasts this summer without knowing what their funding level will be from next March.

It comes after the government confirmed its next spending review will take place after the general election.

This week’s budget did not include any extra day-to-day funding for schools for the 2024-25 financial year, leaving schools with an average headroom of just 1.2 per cent. Current inflation is four per cent.

The last spending review, in 2021, set out proposed school spending for each financial year up until the end of March 2025.

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