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The government will not meet its promise to restore school budgets to 2010 levels, when the Conservatives first gained power, a new study warns.

The Institute for Fiscal Studies says rising costs will leave schools worse off by the next election than 15 years previously, despite funding hikes.

Rishi Sunak, while chancellor, pledged to “restore per-pupil funding” to 2010 spending patterns in real terms by 2024-25.

But the study found budgets are actually on track to be worth three per cent less after inflation, which school leaders have dubbed “scandalous”.

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