04/12/2012

New Round Of Spending Cuts To Fund Schools

Most government departments will be asked to save an extra 1% next year and a further 2% the following year as Chancellor George Osborne sets out a fresh spending squeeze in Wednesday's Autumn Statement.

It is understood the new cuts are in an effort to fund new schools, science and transport schemes.

Treasury sources say £1bn will go towards building 100 new free schools and academies, creating an additional 50,000 new school places.

Labour has added that the announcement showed that axing their school building plans had been a "catastrophic mistake".

(H)


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