90% of schools will run out of cash next year, National Association of Head Teachers says

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1. Head teachers warn nine out of 10 schools will run out of money by the next academic year

2. Nine in ten schools will go bust next year

3. Urgent warning as 90% of schools may go bust next year over spiralling energy and salary bills, heads warn

4. Schools crippled by cost of living crisis as teachers unscrewing light bulbs to cut bills

Nine in ten schools will fall into a deficit next academic year because of the cost of living crisis, the National Association of Head Teachers has said.

The association cited forecasts of a £2 billion shortfall by 2024, describing the situation as “desperate”. It is already a critical time for schools amid spiralling energy costs, inflation and the threat of teacher strikes over pay.

Early data from a survey by the association also showed that 50 per cent of head teachers said their school would be in the red this academic year. Paul Whiteman, its general secretary, told The Observer, which was shown the data: “There are no easy fixes left. Schools are cut to the bone.