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New estimates by the Institute for Fiscal Studies (IFS) find that growth in mainstream school funding per pupil in England in 2025–26 (2.8% in cash terms) won’t be sufficient to cover the expected increase in school costs (3.6%). Growth in school costs reflects the full effects of the 5.5% rise in teacher pay from September 2024, and the recommended pay offer of 2.8% for September 2025.

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