The modern proposals have been designed to counter historic disparities that mean funding varies wildly around the UKPupils in London and other inner city areas could lose out under proposals for a modern national school funding formula that will replace the patchwork system currently overseen by local authorities.
Under proposals unveiled on Monday,local authorities will no longer determine how much funding schools are allocated. The education secretary, Nicky Morgan, or said the change will ensure “funding gets straight to the frontline” and gives headteachers far more certainty over future budgets.
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Source: theguardian.com