I read about this. I think the cover teacher role (I think it is the higher level teaching assistant?) is arguably "better paid" than being a teacher if you think about it! A teacher will typically be on around £40k gross per annum whereas I think a higher level teacher assistant can make up to £28k term time only (I think).
Now crunch the numbers because unless I am missing something, this is a bit of a scandal!
First, apply income tax and national insurance to get net salaries:
Teacher: £32.3k
HLTA: £23.7k
Then factor in the teacher's student loan repayment:
Teacher: £31k
HLTA: £23.7k
Next, work out how many hours they work. An HLTA will work term time only and only during school hours so 6 hours a day 38 weeks a year (around 1,140?). Teachers tend to work more hours on lesson prep, marking, courses and planning over the holidays. I have no idea how much this would be but I think 2 hours extra per day term time and a 10 hour work week in holidays would be a very conservative estimate so around 1,600?
Hourly rates:
Teacher: £19.50
HLTA: £20.50
I hope the extra pension makes up for it.