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G-M SCHOOLS OVERFUNDED, COMMONS COMMITTEE TOLD

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MPs were told yesterday that grant-maintained schools are overfunded and have bigger unspent reserves than local au...
MPs were told yesterday that grant-maintained schools are overfunded and have bigger unspent reserves than local authority schools, reports the Financial Times (p8).

The Commons public accounts committee heard that total reserves held by grant-maintained schools at the end of the last financial year were about £74m.

Thirteen GM schools have accumulated more reserves above their maximum limits, the paper reports.

Labour claimed the figures showed that the government was guilty of 'double standards', as it has encouraged local authority schools to meet the teachers' pay award without redundancies by drawing on reserves.
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