https://schoolsweek.co.uk/dfe-made-370m-error-in-school-funding-calculations/
"The government’s prediction for the minimum per-pupil funding for secondary schools has been revised down by £55. At primary level it’s down £45.
Based on these figures, the average secondary school would be £57,970 worse-off than predicted in July, and the average primary would be £12,420 worse-off."
In school terms, this is a large amount of money, at this stage in the year, the budget will already be allocated, and in many case it will be spent or cannot be reallocated. This will push some schools that were doing okay financially into deficit, and cause further financial struggles in many schools.
For many schools, the only way to save that money will be to look at staffing- if someone leaves in the middle of the year, they may not be replaced to save money.
I would say there are very few schools in the country (especially facing another winter of high fuel bills and increased costs) who can just absorb that loss in funding.
Surely as a bare minimum, the DfE should honour all the money they promised schools this summer? It just shows how incompetent the current government are, that something like this could even happen!